Which class are you in?
Nobody applies for "a crypto licence". You apply for named services, and that set fixes your class, your capital floor and half your documents. Pick your services and see the answer.
Lithuania · MiCA · CASP
Build a CASP that is ready for scrutiny.
We prepare crypto businesses for authorisation by the Bank of Lithuania under Regulation (EU) 2023/1114, scoping the regulated perimeter, calculating the capital you will actually have to hold, and assembling a file that survives the assessment.
Regulator Bank of Lithuania
Framework Regulation (EU) 2023/1114
Capital floor €50k / €125k / €150k by class
Decision period 40 working days from completeness
Lithuania stopped being the easy jurisdiction. The registration regime for virtual currency exchange and wallet operators is closed, and a full authorisation from the Bank of Lithuania replaced it.
Lithuania’s transitional period for obtaining a crypto-asset service provider licence ended on 31 December 2025.
Bank of Lithuania, Investors should find out if their crypto-asset service provider intends to be licensed (2025-07-21) · Verified on 2026-09-11 · Next review 2026-12-11
Most pages selling this service still describe the market as it was before that date. Counting the firms that came out the other side is the quickest way to see the difference.
As at 3 March 2026, the Bank of Lithuania had granted four CASP authorisations under MiCA: Robinhood Europe UAB, UAB “Decentralized” (CoinGate), Nuvei Liquidity UAB and Micar assets UAB.
Bank of Lithuania, An authorisation of a crypto asset service provider granted to Micar assets, UAB (2026-03-03) · Bank of Lithuania, Supervised financial market participants · Verified on 2026-09-11 · Next review 2026-10-11
Start with the decision you actually have to make
What must you actually hold?
€125,000 is a floor, not a requirement. Article 67 asks for the higher of that and a quarter of your fixed overheads. Work out which limb binds you.
What goes in the file?
Article 62(2) item by item, plus the service-specific evidence each additional service drags in behind it.
Three things the marketing pages get wrong
The capital figure is the lower half of the answer
Competitor pages quote €50,000, €125,000 or €150,000 and stop there. Article 67 asks for the higher of the Annex IV floor and one quarter of your fixed overheads, reviewed every year. Past roughly €500,000 of annual fixed costs, a class 2 firm is governed by its own cost base. Work it through.
The 40-day clock does not start when you file
It starts when your file is complete. Before it sits a separate 25-working-day completeness check, and an application still incomplete after the authority's deadline can be refused review altogether, which ends it without any decision on the merits. The timetable.
Only one request for information stops the clock
The authority may ask for more, but no later than the 20th working day of the assessment, and the suspension is capped at 20 working days. Every later request runs against a clock that keeps ticking. How that plays out.
Choosing between the Baltic jurisdictions
Lithuania vs Latvia
Same licence. Latvia publishes both its fees and will meet you before the company is even incorporated.
Lithuania vs Estonia
Applications filed in Estonian, a separate national act, and a sector that fell from 641 licences to one authorised domestic CASP.
Lithuania vs Poland
Poland has not designated an authority that can issue a CASP authorisation, so you cannot currently apply there at all.
Where the numbers here come from
Every date, figure and firm name sits in a single source register with the primary document it was read from and the date a person read it. Claims not yet checked against the primary text are marked as such and cannot be published. The production build fails rather than shipping them. Two are held back right now, one of them a Lithuanian fee figure repeated widely online that no primary instrument supports.