The features of crypto license in Lithuania
Opportunities of of crypto license in Lithuania
To establish customer records for both physical and legal people. To give distant financial management operations – online bank. To provide currency trading services. To generate their own IBANs. To conduct international transactions. Supply acquisition offerings. The primary distinction is that EMI may save customer balances whereas PI cannot. In many other ways, when PI gets money, it should generally know right away when and where to deliver it, but with EMI, the consumer might deposit money and then not do anything with it.
Obtaining a crypto license in Lithuania
There are two sorts of permissions that may be issued in Lithuania to deal with virtual money as well as provide services which including:
- A virtual currencies exchange service is one in which a customer swaps virtual money for fiat currency, fiat currency for digital assets, or one cryptocurrency for another.
- Crypto wallets are services that allow customers to preserve and transmit cryptographic data.