Eternity Law International News Crypto Licensing Landscape of Lithuania: What You Should Know

Crypto Licensing Landscape of Lithuania: What You Should Know

Published:
July 5, 2025

Only a few countries have established themselves as crypto-friendly jurisdictions, and Lithuania is among them. However, the situation changed dramatically with the Markets in crypto-assets regulation, and now businesses face a highly complicated licensing field. If you want to start or continue operating a crypto business in Lithuania, you should understand the transformation that has occurred – from VASP to CASP licensing.

Transition from VASP to CASP licensing

Initially, the regulatory chauffeur for the activities of crypto service providers in Lithuania was quite simple. Specifically, if the company was registered as Virtual Asset Service Provider, the rules of the game were relatively easy to follow. Nowadays, however, things have changed: after the MICA came into effect, all crypto businesses were obliged to obtain a Crypto-Asset Service Provider if they wish to continue serving within the European Union. In most cases, the last day of the transition period for existing VASPs was 1 June 2025, but Lithuania has officially extended this deadline to 1 January 2026. 

If you need any help in your business establishment, we’re here to support you. We also offer ready crypto-licenses in Lithuania for sale. 

What does it take to obtain a CASP license in Lithuania?

  1. The applicant must establish a legal entity incorporated in Lithuania.
  2. Demonstrate the share minimum capital of EUR 125,000.
  3. Appoint a local AML officer.
  4. Draft and implement detailed internal policies guiding the CASP s activities in an MICA-compliant manner.
  5. Prepare a complete application dossier and submit it to the Bank of Lithuania. 

Thus, the legislation aims to ensure that all crypto businesses perform their operations transparently and create minimal opportunities for illicit finance and non-compliance. If you’d like to make your initial way shorter, just turn to our ready licenses option. 

Lithuanian tax rules 

At the same the digital currency evolution have come with a new innovative way of taxation: mining through digital currencies like Bitcoin.

Taxation rules in Lithuania regard cryptocurrency-related activities as a part of the financial market. 

  1. Corporate taxes: 15% tax is in place for profits from crypto activity.
  2. Personal Income Tax: Profits from cryptocurrency trading by individuals can also be taxed to a rate of 15%, depending on the amount and frequency of transactions. 
  3. VAT: And in accordance to EU directives, the trading of crypto-exchange services is not subject to VAT.

Both businesses and individuals are advised to consult with tax professionals before proceeding to make sure they are correctly fulfilling their tax responsibilities. 

Enhanced Regulatory Oversight

Authorities in Lithuania stepped up supervision in the crypto space to address money laundering and comply with international legislation setting the standards for the European Union. It will introduce stronger AML measures and increased supervision to guarantee the sector complies with existing financial regulations.

How to get a crypto license in Lithuania?

  • Create a legal presence in the country.
  • Have a minimum share capital of at least €125,000. Appoint a local AML officer.
  • Establish in-house policy in line with MiCA requirements. Let the Bank of Lithuania should its doors for test.

How much is crypto tax in Lithuania?

  • Corporate Income Tax: 15% on profits stemming from cryptocurrencies.
  • Tax on Personal Income: 15 percent on the income earned by the trader.
  • VAT: Typically exempt for crypto exchange services.

What is the VASP regulation in Lithuania?

The Lithuanian VASP regulations made it possible to do business under really quite simple requirements. Under MiCA, though, all VASPs need to be authorized under the CASP regime in the determined terms, or they will no longer be able to operate legally in the EU. Lithuania has been forthcoming about its desire to create a clear legal framework for individuals and businesses dealing with cryptocurrencies.

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