Crypto License in Lithuania

To apply for a cryptocurrency license in Lithuania, you need to have a limited liability company (UAB) that will provide cryptocurrency exchange or custody services. According to the new legislation, from November 1, 2022, entrepreneurs wishing to start a crypto business in Lithuania must pay an authorized capital of 125,000 euros. Previously, the minimum authorized capital was 2,500 euros. In addition, the new law includes the creation of a special registry of cryptocurrency licenses in Lithuania with a list of crypto companies and a requirement for an exclusive AML officer. The organizational and legal form of UAB (LLC) allows it to operate as a depositary wallet operator, as well as cryptocurrency exchange services. Lithuania is the most popular jurisdiction in the world for opening a cryptocurrency business. And in order to obtain a Lithuania crypto licensehttps://gofaizen-sherle.com/crypto-license/lithuania, the team provides professional assistance and support in remotely obtaining a Lithuanian crypto license with a guaranteed turnkey solution within 4 weeks and offers a ready-made solution .