Cryptocurrency Q&A
How to start a crypto business in Lithuania?
How to start a crypto business in Lithuania?
Elena
Tue Jul 16 2024
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7 answers
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Inquiring minds want to know: how does one embark on the journey of launching a crypto enterprise in Lithuania? With the country's progressive stance towards blockchain technology and cryptocurrencies, the potential for success seems promising. But where does one begin? Is there a step-by-step process to follow? What legal considerations should be taken into account? And how can one ensure compliance with the local regulatory framework? Answers to these queries are crucial for anyone aspiring to establish a crypto business in Lithuania.
7 answers
GinsengBoostPower
Thu Jul 18 2024
Lithuania has established a framework for regulating cryptocurrency businesses, requiring applicants to fulfill certain criteria.
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SsamziegangSerenade
Thu Jul 18 2024
One key prerequisite for obtaining a crypto license in Lithuania is the establishment of a limited liability company (UAB).
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SakuraTide
Thu Jul 18 2024
This UAB must be specifically designed to provide services related to cryptocurrency exchange or storage.
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Dario
Thu Jul 18 2024
As part of the new legislation, entrepreneurs intending to commence a crypto-business in Lithuania are required to meet a financial threshold.
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EtherWhale
Wed Jul 17 2024
Specifically, they must pay a share capital of 125,000 euros effective from the 1st of November 2022.
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