Lithuania CASP licence
The Bank of Lithuania route in full: quick facts, service scope, capital, the authorisation process, timetable, requirements and what an engagement covers.
We prepare companies for authorisation as a crypto-asset service provider under Regulation (EU) 2023/1114, determining the class required, calculating the capital actually needed, building governance and substance, assembling the application and handling the regulator's questions.
The Bank of Lithuania route in full: quick facts, service scope, capital, the authorisation process, timetable, requirements and what an engagement covers.
What separates the three prudential classes, what is identical across them, and why the class is a consequence of your services rather than a package you pick.
Same licence, different national procedure: Latvia publishes both its fees and meets applicants before the company exists. Lithuania publishes neither fee.
Applications in Estonian, an extra national act, and a sector that went from 641 licences to one authorised domestic CASP.
Poland has not designated an authority able to issue a CASP authorisation, so no application can be filed there. A Lithuanian licence passports in instead.
With a paid assessment rather than a licence project. It examines the business model, owners, management, target markets, services, budget and AML and ICT architecture, and produces a go/no-go, the CASP class required, a gap list, a budget and a road map. It also tests whether an electronic money, payment or MiFID permission is engaged alongside the CASP authorisation, which is the question most often answered wrongly at the outset.
From there the work runs in four further stages: application build, implementation and substance, filing and regulatory questions, then post-authorisation compliance, passporting, reporting, and the annual recalculation of prudential safeguards. The stages in detail.
A licence in 40 days, a guaranteed outcome, or a cheap jurisdiction. Authorisation is a decision of the competent authority, and MiCA Article 63(10) obliges it to refuse where the specified grounds are made out. What preparation changes is the probability of refusal and the number of information requests.
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