Crypto license in Lithuania
Lithuania has created almost ideal conditions for launching fintech business. The Central Bank supports the development of financial technologies and non-bank payment services. Also created a favorable environment for the development of fintech startups, and simplified the procedure for obtaining licenses. Over the past year, the number of fintech companies has increased by 40%, and the interest in the Lithuanian market is shown by large international players. Although Lithuania does not have a comprehensive legal framework for dealing with cryptocurrencies, it has introduced licensing of cryptocurrency exchange companies and maintenance of cryptocurrency purses, becoming one of the few European Union states, with the procedure of licensing and authorization of the new virtual currency.