A license is needed to offer intermediary services in Lithuania for cryptocurrency transactions. Crypto license in lithuania is required for both the sale and purchase of cryptocurrency.
This document is applicable to all operations using cryptocurrencies that are recognized by the law of the country or the public. These documents can be converted into cashable funds and withdrawable bank cards. You can use a Lithuanian cryptocurrency license to exchange cryptocurrency in Lithuania.
You can transact with Bitcoin and receive funds from third parties after you have been issued a license for cryptocurrency exchanges in Lithuania.
You must register a joint-stock company to work in this area. The charter specifies a minimum capital requirement for joint-stock businesses. Although there are no financial requirements, it is recommended that you deposit 2,500 euros into the joint-stock company's statutory account in order to verify the availability of your own funds.
How to prepare for licensing
The state regulates the process for obtaining a license. The state will regulate the process of obtaining a license. You must collect and prepare a set of documents.
- Photographic copies of marriage certificate, passport;
- Contact information for the JSC founders and complete information about the company's representatives who will be providing services;
- Information about the founders, the members of the board, and shareholders
- Information on the people responsible for implementing the procedures for compliance with the rules for working with the crypt.
- Provision regarding the existence of an internal control
- Name of the company, details including legal address
- Information on the activity field.
Our company provides a variety of additional services such as assistance with renting and selecting offices; assistance with contributing authorized capital; assistance with the selection of local directors; the conclusion of working contracts. You can quickly open a cryptocurrency company with us.