CASP License Lithuania

Lithuania has emerged as aleading hub for crypto businesses in Europe, offering astreamlined regulatory frameworkandfast-track licensing process.With the introduction ofthe Markets in Crypto-Assets (MiCA) regulation, allcrypto service providers must obtain a CASP (Crypto-Asset Service Provider) licenseto continue operating legally in Lithuania and across the EU.Withcompliance deadlines approaching, crypto businesses must act now tosecure their CASP license and ensure full regulatory compliance.AtMistTrack, we provideblockchain analytics, risk monitoring, and AML compliance toolsto helpCASPs meet MiCA requirements effortlessly.To operate legally under MiCA, businesses mustobtain a CASP license before the transition period ends:

- 📌December 30, 2024– MiCA regulations officially take effect.📌2025 TBD– Final deadline to submit CASP license applications (exact date subject to confirmation).ACrypto-Asset Service Provider (CASP) licenseallows businesses to offerregulated crypto servicesunder theEU MiCA framework.Any company providing crypto-related services in Lithuania must transition from the current VASP (Virtual Asset Service Provider) license to a CASP licensebefore the MiCA deadline.Toobtain a CASP license in Lithuania, businesses must meetspecific regulatory requirements, including: ✔Registration with the Lithuanian Financial Crime Investigation Service (FCIS) ✔Establish a local presence(at least one board member must be an EU resident) ✔Meet minimum capital requirements(€125,000–€150,000 depending on services offered) ✔Implement strong AML (Anti-Money Laundering) & KYC (Know Your Customer) policies ✔Ensure compliance with FATF Travel Rule & real-time crypto transaction monitoring 🔎How MistTrack Helps:WithMistTrack’s advanced blockchain analytics, your business canmonitor transactions, detect illicit activity, and generate real-time compliance reports, ensuring full MiCA and AML compliance.AtMistTrack, we simplify MiCA compliance with ourindustry-leading crypto risk monitoring tools: 📍EU Passporting Benefits– Operate legally across all27 EU countries📍Crypto-Friendly Business Environment– Lithuania is akey European hub for blockchain and fintech innovation📍Faster Licensing Process– Compared to other EU jurisdictions, Lithuania offers aquicker and more efficient CASP licensing process Ready to become a fully compliant CASP?Let MistTrack handle your compliance challenges!With150+ financial institutions & crypto businessestrustingMistTrack, our solutions provideeverything you needfor aMiCA-compliant CASP licensein Lithuania.