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Enabling you to operate a crypto business in Lithuania.

Cryptocurrency Exchange & Wallet Licence, Lithuania

      Introduction to obtaining the cryptocurrency licence in Lithuania

If you wish to provide cryptocurrency services in Lithuania, you must register with the Irish financial services regulator for cryptocurrency, namely, the Lithuanian Financial Crime Investigation Service (FCIS). 

Buckingham Capital Consulting can advise you on the most appropriate and suitable licence, based on your business model and plans. We can prepare, manage and obtain your crypto licence in Lithuania with the Lithuanian cryptocurrency regulator.

Types of cryptocurrency licences in Lithuania

There are two types of cryptocurrency licences in Lithuania.

 

1. Providers of a service of exchanging a virtual (cryptocurrency) against a fiat currency
This licence is for exchanging fiat to crypto and crypto for fiat and crypto to crypto. This licence registration will permit the licence holder to operate a cryptocurrency exchange in Lithuania. 

2. Providers of a virtual (cryptocurrency) wallet service
This enables the licence holder to offer a virtual currency wallet service means a service, whereby encrypted keys can be created for customers for the purpose of keeping, storing and transferring virtual currencies.

Requirements for the Lithuanian cryptocurrency licence

  • minimum of 1 shareholder. The shareholder does not need to be based in Lithuania.

  • a minimum of 1 director, who may be the same person as the shareholder. They do not need to be based in Lithuania. 

  • an AML compliance officer. They may be the same person as the director and do not need to be based in Lithuania. They must however be fit and proper. 

  • a local physical office in Lithuania. Virtual or shared offices are not accepted.

  • details of the shareholders must be disclosed to the regulator. 

How we can help you set up your crypto business in Lithuania

Buckingham Capital Consulting can advise you on the most appropriate and suitable cryptocurrency licence, based on your business model and plans. We can prepare, manage and obtain your licence in the country of your choice and help you understand your regulatory and legal obligations. 

 
Our service involves the following:

- Guiding you through the application preparation stage
- Managing the entire application from planning to obtaining the licence
- Preparing, completing and submitting the application form
- Submitting the individual directorship forms
- Submitting your application to the financial regulator
- Assisting you with any correspondence/further questions from the financial regulator after submitting your application until
your licence has been granted.  

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