Intelligent Solution Group > Services > CASP Crypto License in Lithuania

CASP Crypto License in Lithuania

The CASP crypto license in Lithuania represents a new regulatory standard that opens up extensive opportunities for crypto companies to operate legally and transparently within the European Union. With the entry into force of the MiCA Regulation, Lithuania reaffirms its status as one of the most attractive jurisdictions for activities related to digital assets. MiCA is a law that regulates crypto activities.

It takes up to 8 weeks to obtain a license.

Price: from € 30 000

Our company’s specialists offer comprehensive support for obtaining a CASP cryptocurrency license in Lithuania. We prepare the necessary documentation in accordance with the relevant laws and regulations. We provide full support at every stage of the application process, including legal assistance and prompt resolution of any issues that may arise.

The benefits of obtaining a CASP crypto license in Lithuania

The opportunity to work in the EU market

The ability to issue, exchange and transfer cryptocurrencies

The cost of running a business in Lithuania is lower than in other EU countries

Lithuania issues full CASP licenses that comply with MiCA requirements

Without a crypto license, it is impossible to carry out any transactions involving crypto-assets. A license is required for anyone planning to operate legally with cryptocurrency within the European Union.

Obtaining a CASP crypto license provides access to the EU single market, enabling companies to operate within a transparent and stable regulatory framework. Lithuania offers favourable conditions for the crypto business, including fast licensing and a favourable tax system. Furthermore, a well-developed financial infrastructure and support from regulatory authorities make the country attractive to blockchain projects and crypto entrepreneurs.

Requirements

1

The presence of an office and the required staff within the country issuing the license.
2

At least three staff members on the payroll who meet the requirements of the regulatory authorities.

3

Contribution of the minimum authorised capital, depending on the type of business.
4

Detailed policies covering key processes within the company: from AML to risk management.

Once they have obtained a license, companies must maintain a minimum staff complement (in accordance with the Central Bank’s requirements) and maintain their IT infrastructure.

Please leave your contact details. One of our specialists will contact you within 30 minutes to discuss your enquiry.

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Book a consultation! Choose a date and time that suits you.

Stages

Obtaining information about your business and your desired outcome.

Compiling a list of recommendations and checkpoints for the project.

Collection and processing of documents.

Review and revision of the business plan.

Recruitment for the positions of Director and Compliance Officer.

Finding office premises, signing a lease agreement.

Applying for a MiCAR license.

Obtaining the license documents and sending them to you.

Additional services

charged separately

We provide support with setting up non-resident companies and branches.
We assist with opening personal and corporate bank accounts.
We advise on matters relating to the verification of the source of funds.
We prepare financial and accounting reports.
We assist with the compliance audit process.
We recover funds from frozen accounts.

What specific activities does the CASP license in Lithuania cover under MiCA?

The CASP (Crypto Asset Service Provider) license covers a wide range of activities, including:

the custody and management of crypto-assets on behalf of clients,
exchanging cryptocurrency for fiat currency and vice versa,
exchanging one cryptocurrency for another,
the transfer of crypto-assets,
the provision of investment or advisory services relating to crypto-assets,
the issuance and distribution of tokens.

We will help you identify which specific activities are relevant to your business and prepare a license application tailored to these requirements.

Can I use a company that is already registered in Lithuania to obtain a CASP license, or do I need to set up a new one?

You can use an existing Lithuanian company provided it meets the key requirements of MiCA and the regulator: a minimum authorised capital, a local office, staff, and internal policies. We will audit your company’s current status and provide recommendations on how to adapt your corporate structure to obtain a CASP license.

What sanctions or consequences might arise if MiCA requirements are breached after obtaining a CASP license?

Once a company has obtained a CASP license, it is required to strictly comply with MiCA regulations and the requirements of the Bank of Lithuania. Breaches of regulatory requirements may result in fines, the temporary suspension of the license, or its complete revocation. We offer regular compliance support services to ensure you remain compliant and avoid regulatory risks.

Cases:

CASE: How to recover frozen $600,000

The client faced a problem with frozen funds in the account of his international company. The bank where the account was held was in the process of liquidation and froze all funds while starting an audit of its clients.

CASE: Forgotten $400,000

Our client decided to completely liquidate his company, established about 10 years ago in Latvia. During the liquidation process and communication with the bank, we discovered that the client had $400,000 in the account for several years — money everyone had forgotten about.