Crypto licensing

License for cryptocurrency wallets and custodian services (Crypto wallet and custodian services license). A corporation with such a license may manage a cryptocurrency customer wallet, including the generation and storage of encrypted client keys.

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The process

Cryptocurrency exchange licence (a.k.a. authorisation). A company with such a licence is able to exchange digital currency for FIAT or vice versa, or cryptocurrency for another cryptocurrency, receiving a commission for the services provided.

Crypto wallet and custodian services licence (Crypto wallet and custodian services licence). A company with such a licence may operate a customer wallet to store cryptocurrency, including generating and storing encrypted client keys.

  • Establishment or purchase of a ready-made company
  • Deposit of share capital (EUR 2,500)
  • Preparation of legal company documents
  • Assistance in director employment/KYC/AML officer and information State Social Insurance Fund
  • Lease of legal address at Vilnius Business Centre for 1 year
  • Review of the business model and the structure of the Cryptocurrency Company
  • Assistance in opening a bank account for cryptocurrency companies
  • Procedural Rules and KYC/AML Company Procedures
  • Preparation of notifications, forms and supporting documents for submission to FCIS and Business Regests of Lithuania
  • Paying company registration government fees
  • Paying government crypto licence fees
  • General counselling (5 hours)


  • Incorporation of the company
  • Receipt of the cryptocurrency license (Cryptocurrency exchange license or Crypto wallet and custodian services license)
  • Virtual currency authorization

Crypto licensing projects

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