The digital asset market continues to develop rapidly and is becoming more accessible to most ordinary Internet users. This is especially noticeable in the significant growth in the popularity of cryptocurrencies in Europe. No wonder that the help from the specialists of SBSB Fintech Lawyers Lithuania crypto license cost reasonable, because this is the only way to run a legal business. This is a strategically correct decision — a business investment. Thus, companies are taking their first steps in the European cryptocurrency market.
The Scope of the Lithuanian Crypto License
One of the primary reasons the Lithuania crypto license cost is considered reasonable is the comprehensive range of services it allows. Upon obtaining the license, companies can provide various cryptocurrency services, including:
- Crypto exchange operations;
- Cryptocurrency wallet services;
- Other digital asset-related activities.
This broad scope ensures that businesses can diversify their offerings and adapt to the ever-changing demands of the crypto market without needing multiple licenses. When considering the cost of the Lithuania crypto license, it is essential to keep in mind certain requirements for getting it:
- Minimum share capital of 125000 EUR;
- Clean criminal records for shareholders, directors, and ultimate beneficiaries;
- A resident AML/CFT officer.
Such requirements must be met to operate within the legal framework. They motivate companies to act seriously and work on their reputation. When clients see that the company adheres to all standards, has a license, and is trying to scale, they will be confident in the expediency of cooperation.
Professional Assistance and Long-Term Value
Although the process of obtaining a cryptocurrency license in Lithuania can hardly be called complicated, entrepreneurs who are faced with the procedure for the first time may not understand where to start, what documents should be provided, and how to apply. The help of specialists is a must. It is best to seek help from the professionals of SBSB Fintech Lawyers, who have enough experience in this matter.
The cost of professional assistance should be viewed as an investment in the long-term success and compliance of the business. When factored into the overall licensing cost, it contributes to a more efficient and error-free application process, ultimately adding value to the license obtained.
The cryptocurrency industry continues to grow and develop, which leads to the fact that regulation is becoming an important part of the reputation of companies. Organizing a platform engaged in the exchange of digital assets without such permission is impossible. Help from specialists in obtaining a license becomes the first step towards expanding your business and becomes a strategically important decision.