Our Clients
Lithuania Crypto Exchange License in Details
In Lithuania, crypto licenses primarily encompass two operational areas for virtual asset service providers:
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Cryptocurrency exchange license — This license enables a company to execute virtual currency exchange against FIAT and vice versa, or facilitate virtual currency exchanges among themselves, earning a commission for the provided services.
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Cryptocurrency custodial license (cryptocurrency wallet services) — This license permits a company to hold virtual currencies in its wallet on behalf of its clients and maintain the encrypted private keys from these wallets.
Lithuania Crypto Exchange License in Detail (2026)
Lithuania has positioned itself as one of the most crypto-friendly jurisdictions in the EU, offering a structured yet efficient regulatory framework for digital asset businesses. With proactive alignment to the MiCA framework, Lithuania provides legal certainty, fast timelines, and broad activity coverage for crypto companies operating across Europe.
Company Formation (UAB)
To obtain a crypto license in Lithuania, the business must be established as a UAB (private limited liability company). This structure is fully compatible with crypto exchange, custody, and digital asset service operations.
Activities Covered
The Lithuania crypto license allows a wide range of regulated activities, including:
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Crypto exchange & trading platforms
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OTC trading desks
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Initial Exchange Offerings (IEOs)
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Custody & wallet services
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Staking services
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NFT platforms & token trading
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Crypto card issuance
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EUR accounts & payment integrations
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Additional virtual asset services
Share Capital Requirements
Capital requirements depend on the scope of activities:
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Advisory / OTC / IEO services: €50,000
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Custody services: €125,000
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Trading platform / exchange: €150,000
Capital must be properly documented and deposited in accordance with regulatory standards.
Management & Compliance Structure
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Director: Can be of any nationality
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AML Officer:
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Must be based in Lithuania
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Relevant education and AML compliance experience required
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Impeccable reputation and clean regulatory history
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This structure ensures strong governance and regulatory credibility.
Licensing Timeline
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Preparation & setup: 7–8 weeks
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Regulatory review & license approval: 2–4 months
Lithuania offers one of the fastest approval timelines within the EU for regulated crypto businesses.
Key Regulatory Advantages
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Early adoption of MiCA-aligned standards
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Clear licensing framework and regulator communication
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Cost-effective setup compared to other EU jurisdictions
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Strong reputation within EU banking and fintech sectors
Banking & Operational Support
A local bank or EMI account is required. Consulting24 provides full assistance with:
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Bank & EMI onboarding
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Compliance documentation
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Operational account setup
Legal & Licensing Costs
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Core legal & licensing package: €40,000 – €50,000
(includes company setup, licensing documentation, AML policies, and regulatory support)
Lithuania Crypto Exchange License Cost & Documents
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Company setup;
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AML/CTF documents;
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Bank account initiation;
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Share capital registration;
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License procurement;
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Provide passport copies (verification link);
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Submit address, phone, email;
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Issue POA for company registration;
NB! No visit needed for registration/account setup.
Scope of Services: What a Crypto Exchange License in Lithuania Can Do?
Comprehending the Wide-ranging Capabilities of Virtual Asset Service Providers
Crypto to Fiat, Fiat to Crypto
Possessing a cryptocurrency license in Lithuania endows one with the capacity to mediate the exchange between cryptocurrencies and traditional, fiat currencies reciprocally. As a result, clients are accorded the advantage of trading utility tokens ( Bitcoin, Ethereum, BNB, etc) and currencies such as the USD, Euro, and others.
Crypto to Crypto
Firms acknowledged as VASPs are accorded the right to offer exchange services for a multitude of digital assets, including but not limited to Bitcoin, Ethereum, BNB, as well as other utility tokens and coins.
Custodial Service
Holding a VASP (Virtual Asset Service Provider) license allows the holder to safeguard clients' cryptocurrencies through custodial wallets. This essentially means that the service provider can create a digital wallet for a client, and, while doing so, maintains control over the wallet's private keys.
Staking as Service
VASPs are allowed to use staking to create passive cryptocurrency income. This process, similar to making a bank deposit, involves locking cryptocurrencies into a network to support its operations. In return, stakers are rewarded, usually with more coins, thus providing a way to earn while holding cryptocurrencies.
ICO/IDO/IEO
A Lithuanian crypto exchange license allows for conducting ICOs, IEOs, and IDOs, focusing on launching utility tokens only.
Mint & Trade NFTs
A Lithuanian-registered VASP has the ability to establish a platform for NFT (Non-Fungible Token) trading, or even partake in NFT creation. This contributes to the formation of a unique digital asset marketplace.
Our Team
Mardo Soo
Founder
"As the CEO of Consulting24, I have the responsibility of assisting aspiring entrepreneurs in establishing their businesses and obtaining the necessary licenses for engaging in crypto-related activities. Our company provides comprehensive solutions that streamline the entire process, enabling our clients to fully leverage the potential of the cryptocurrency industry.."
