MiCA CASP Licence in Lithuania (Bank of Lithuania)

Lithuania is the speed play. For years it was the EU's busiest crypto hub — thousands of firms took the old VASP registration, drawn by a straightforward process and a low entry threshold. Under MiCA that era is over, but the Bank of Lithuania has carried its experience into the new regime, and it remains the fastest authorising authority in the EU: clean CASP files are typically processed in around 90–120 days, with a completeness review of 25 working days.

A timing point to be clear about: Lithuania used the 12-month transitional window, which closed at the end of 2025 (31 December 2025). Since then, providing crypto-asset services in Lithuania without a granted MiCA authorisation is treated as illegal financial activity — there is no grandfathering left to lean on. New entrants today apply directly for full CASP authorisation.

As in every member state, a Bank of Lithuania CASP licence passports across the EU — authorise once, operate across all 27. Minimum capital follows MiCA's Annex IV classes (€50,000 / €125,000 / €150,000 by service type), subject to the Article 67 own-funds floor. Compare Lithuania's profile against the other hubs in the CASP Jurisdiction Selector & Cost Estimator.

Why operators choose Lithuania: the quickest realistic route to a passportable licence, an experienced regulator and a deep local service ecosystem. What to weigh: the bar has risen sharply from the old VASP days — the Bank of Lithuania now expects real substance, AML rigour and governance, and the transitional cushion is gone. If you're unsure whether MiCA applies to your activity, start with the MiCA Exposure Checker.