What is it all about?
/Cryptocurrency-related subjects can occasionally be intricate and perplexing. Hence, prior to commencing our discussion, let us ensure that we establish a common understanding and foundation. /
Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates on blockchain technology and is decentralized, meaning that it is not subject to any central authority, such as a government or financial institution. Cryptocurrencies have been gaining popularity in recent years, and with their growing use, there is an increasing need for regulatory frameworks to ensure their safety and legality.
Lithuania is one of the countries that have embraced cryptocurrencies, and it has put in place regulations that govern their use. On this page, we will discuss the crypto license in Lithuania and how Star Legal can help to obtain it.
What is a crypto license?
A crypto license is a permit that allows a company to provide cryptocurrency-related services legally. The license is a requirement for companies that want to offer cryptocurrency exchange services, electronic wallet services, or other related activities.