top of page
Image by Scott Graham

Master the regulation of cryptocurrency with Consulting24.

Over 500 licenses secured in Estonia & Lithuania.

Consulting24 Clients

Consulting24 Advisory Projects

A Deep Dive into Regulatory and Licensing Norms

 regulation of cryptocurrency, BITCOIN LOGO, law hammer, .jpg

For emerging crypto pioneers looking to delve into the digital currency sphere, grasping the regulation of cryptocurrency in regions like Lithuania, Estonia, and Dubai becomes vital. These jurisdictions illuminate distinct regulatory contours and avenues for crypto endeavors:

🔹 Lithuania:

  • Streamlined Licensing: A gateway into the vast European crypto landscape.

  • Financial Blueprint: Commence with 125,000€; 31,250€ (25%) deposited immediately, and the balance disbursed over the subsequent months.

  • Operational Flexibility: Encourages virtual office arrangements and global directorships.

  • Regulation Framework: While regular audits aren't necessary, the presence of an AML officer is non-negotiable.

  • Efficiency Metric: Expect licensing procedures to conclude between 30 to 60 days.

🔹 Estonia:

  • Tax Benefits: Competitive 0% corporate tax rate without the obligation for dividend payouts.

  • Licensing Budget: Set firmly at 10,000€.

  • Regulatory Essentials: The presence of both a local AML official and an in-country director is a must for adherence to the regulation of cryptocurrency.

  • Audit Obligations: Periodic audit assessments are a given.

  • Crypto Exchange Foundations: It's imperative to have a substantial 250,000€ capital in place.

🔹 Dubai:

  • Global Finance Epicenter: Renowned for spearheading major crypto initiatives.

  • Tax Benefits: Absolute zero taxation on cryptocurrency trades and associated gains.

  • License Costs: Typically fluctuates between 9,700€ to 24,250€. Additionally, a regulatory supervision fee is half the primary license amount.

  • Elitist Ventures: Given the upscale pricing, it's tailored for more luxurious projects.

  • Financial Prerequisites: Cryptocurrency trading platforms require a robust financial buffer of 194,000€.

Understanding the intricate crypto guidelines in Lithuania, Estonia, and Dubai can be the keystone for a thriving crypto expedition. Tailoring one's initiatives in line with these regions' distinct regulatory frameworks promises a seamless and prosperous crypto venture.

🔹 MICA Regulation:

  • Standardized Framework: Aims to implement a harmonized crypto assets blueprint across all EU member states.

  • Investor Assurance: Accentuates transparency and protective measures for budding investors.

  • Streamlined Operations: Establishes the core guidelines for the accreditation and functioning of cryptocurrency service providers.

  • Focus on Robustness: Strives for a fortified and reliable ecosystem for crypto-driven activities.

Understanding the "regulation of cryptocurrency", particularly when looking at Lithuania, Estonia, and the encompassing MICA regulation, is pivotal for a successful foray into the crypto world. Aligning with these regulatory pillars paves the way for a prosperous journey in the cryptocurrency realm.

Image by Chris Liverani

Lithuania, Estonia, and Dubai: Compare Crypto Regulatory Landscape.

20 000€
25 000€
20 000€
License Type & Government fee
1. Cryptocurrency exchange license 2. Crypto wallet and custodian services license
1. Cryptocurrency exchange license 2. Crypto wallet and custodian services license
1. 9,700€ - Advisory Services & VA Transfer and Settlement Services
No additional fee
10 000€
2. 24,250€ - Broker-Dealer, Custody, Exchange, Lending and Borrowing & VA Management and Investment Services
Not required
Monthly and yearly are needed
May be required by VARA
Can be virtual
AML (Anti-Money Laundry Officer)
Local needed
Local needed
Can be any nationality
AML monthly salary
Starting from 1200€
Starting from 2000€
Local director
Can be any nationality
Can be of any nationality, but have to live in Estonia
Can be any nationality
Share capital terms
25% now, 75% within a year.
Required share capital
125 000€
100 000€ - Crypto wallet and custodian services license. 250000€ - Cryptocurrency exchange license
24,250€ (Advisory Services) - 194,000€ (Exchange Services)

Consulting24 Team

cryptocurrency consultant.png
Mardo Soo - CEO
  • LinkedIn

Leading Consulting24, Mardo consistently demonstrates unmatched acumen in blockchain consulting. Beyond mere client acquisition, his strength lies in forging and maintaining long-term business alliances. His profound understanding of blockchain's complex intricacies cements his position as an influential luminary in the sector.

Lena Elvbakken - Founder
  • LinkedIn

As a co-founder of Consulting24, Lena emerges as a leading authority on the regulation of cryptocurrency. Her profound insights enable her to seamlessly assist innovators in the labyrinth of setting up exchanges and introducing tokens, notably in crypto-friendly landscapes like Estonia and Lithuania. Lena's instrumental role in simplifying the nuances of crypto exchange initiation further elevates Consulting24's position in the dynamic cryptocurrency sphere.

Lena Elvbakken - cryptocurrency consultant .png
bottom of page