# Crypto-asset service provider licence (Lithuania)

Source page: https://protegra.io/licensing/licences/casp-mica/lithuania/

The Crypto-asset service provider licence is issued by Bank of Lithuania (LB) under Regulation (EU) 2023/1114 on markets in crypto-assets (MiCA). It can be passported to the other EU/EEA states by notification. The official register lists 4 current holders. The legal decision period is 40 working days from receipt of a complete application. Ownership changes need the regulator's approval before completion.

## At a glance

| Official name | Crypto-asset service provider licence [1] |
| --- | --- |
| Issued by | [Bank of Lithuania](https://protegra.io/licensing/regulators/bank-of-lithuania/) |
| Jurisdiction | [Lithuania](https://protegra.io/licensing/jurisdictions/lithuania/) |
| Licence family | [Crypto-asset service provider (MiCA CASP)](https://protegra.io/licensing/licences/casp-mica/) |
| Legal basis | Regulation (EU) 2023/1114 on markets in crypto-assets (MiCA) [2] |
| Passporting | EU/EEA passport available |
| Statutory decision time | 40 working days from receipt of a complete application [2] |
| Public register | [official register](https://www.lb.lt/en/sfi-financial-market-participants?market=&subject=4&business_form=131) [3] |
| Current holders | 4 [3] |

## What it lets you do

- [Custody and administration of crypto-assets](https://protegra.io/licensing/activities/crypto-custody/)
- [Operating a crypto-asset trading platform](https://protegra.io/licensing/activities/crypto-trading-platform/)
- [Exchange of crypto-assets for funds](https://protegra.io/licensing/activities/crypto-fiat-exchange/)
- [Exchange of crypto-assets for other crypto-assets](https://protegra.io/licensing/activities/crypto-crypto-exchange/)
- [Execution of orders for crypto-assets on behalf of clients](https://protegra.io/licensing/activities/crypto-order-execution/)
- [Placing of crypto-assets](https://protegra.io/licensing/activities/crypto-placing/)
- [Reception and transmission of orders for crypto-assets](https://protegra.io/licensing/activities/crypto-order-reception-transmission/)
- [Advice on crypto-assets](https://protegra.io/licensing/activities/crypto-advice/)
- [Portfolio management of crypto-assets](https://protegra.io/licensing/activities/crypto-portfolio-management/)
- [Transfer services for crypto-assets](https://protegra.io/licensing/activities/crypto-transfer/)

- **Custody and administration of crypto-assets.** Safekeeping or controlling crypto-assets, or the means of access to them such as private keys, on behalf of clients.
- **Operating a crypto-asset trading platform.** Managing a multilateral system that brings together buying and selling interests in crypto-assets so that contracts are concluded.
- **Exchange of crypto-assets for funds.** Buying or selling crypto-assets against fiat money using the provider's own capital.
- **Exchange of crypto-assets for other crypto-assets.** Concluding contracts with clients to swap one crypto-asset for another using the provider's own capital.
- **Execution of orders for crypto-assets on behalf of clients.** Concluding agreements to buy or sell crypto-assets on behalf of clients, including subscribing to offers.
- **Placing of crypto-assets.** Marketing crypto-assets to purchasers on behalf of or for the account of the offeror or a related party.
- **Reception and transmission of orders for crypto-assets.** Receiving a client's order to buy or sell crypto-assets and passing it to a third party for execution.
- **Advice on crypto-assets.** Giving personalised recommendations to a client about transactions in crypto-assets or the use of crypto-asset services.
- **Portfolio management of crypto-assets.** Managing portfolios that include crypto-assets on a discretionary, client-by-client basis under a mandate.
- **Transfer services for crypto-assets.** Moving crypto-assets on behalf of a client from one distributed-ledger address or account to another.

## Where it is valid

_Issued in Lithuania (gold); can be passported to the other EU/EEA states (blue) by notification._

## How long it takes

Statutory: 40 working days from receipt of a complete application [2]. Observed: not published. The statutory clock usually starts only when the regulator treats the application as complete, and pauses while it waits for answers to its questions.

## Buying a company that already holds it

**Prior notification with an objection period.** Acquisition or disposal of qualifying holdings reaching or crossing 10%, 20%, 30%, or 50% of capital or voting rights, or becoming controlled, requires prior written notification to the Bank of Lithuania. The supervisory authority assesses acquirer reputation, financial soundness, and AML/CFT risks within a statutory 60 working days period (interruptible once by up to 20 working days for additional information) under Law on Banks Arts 24-25, applied mutatis mutandis to EMIs (EMI Law Art. 17) and PIs (PI Law Art. 10). [4]

Ready-made companies holding this licence: [see verified positions](https://protegra.io/companies/crypto-digital-assets/).

## Laws behind it

- [Markets in Crypto-Assets Regulation](https://protegra.io/licensing/laws/eu-mica-2023-1114/): Regulation (EU) 2023/1114

## Getting this licence

Protegra handles this licence end to end: [CASP licensing in Lithuania](https://protegra.io/mica-lithuania): process, timeline and our fee.

## Sources

1. [lb.lt: sfi financial market participants](https://www.lb.lt/en/sfi-financial-market-participants?business_form=131&market=1): retrieved 2026-09-24
2. [eur-lex.europa.eu: HTML (32023R1114)](https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32023R1114): retrieved 2026-09-24
3. [lb.lt: sfi financial market participants](https://www.lb.lt/en/sfi-financial-market-participants?market=&subject=4&business_form=131): retrieved 2026-09-24
4. [e-seimas.lrs.lt: 9ba20892227e11e6acbed8d454428fb7](https://e-seimas.lrs.lt/rs/legalact/TAD/9ba20892227e11e6acbed8d454428fb7/): retrieved 2026-09-24

Last verified 2026-09-24 · Author: Danil Marmysh · Reviewed by Anastasia Sidorenkova · © Protegra. Data: CC BY 4.0, cite "Protegra Licensing Atlas". Not legal advice.