Cryptocurrency exchange license in Lithuania
One of the main advantages of obtaining a cryptocurrency exchange license in Lithuania is that the country offers friendly and regulated legal environment for crypto companies. Moreover, Lithuanian regulations are flexible in terms of the setup and come at lower on-going cost as there is no specific requirement for onsite personnel.
Requirements
- Limited liability company (UAB) has to be set up in Lithuania;
- Minimum share capital is 2,500 EUR;
- At least 1 person who can act as the shareholder, director and compliance officer all in one;
- Keep a detailed and up-to-date overview of all clients and transactions according to the AML/KYC regulations;
- And others.
TIME:
1-2 months
FEE:
The total price will be provided after the application