The Nuvei Group company Nuvei Liquidity, part of the global leader in payment solutions, has been granted two strategic financial market licences in Lithuania – a crypto-asset service provider licence under the EU Markets in Crypto-Assets Regulation (MiCAR) and a payment institution licence for services related to electronic money tokens (EMTs). This marks one of the most significant recent regulatory developments in Lithuania’s crypto and fintech sectors.
Dual licensing allows Nuvei Liquidity to provide a wide range of regulated services within the European Union, as well as ensure that clients receive services related to electronic money tokens such as USDC (also known as stablecoins).
This decision sends an important signal to the Lithuanian and regional markets. It confirms that the Bank of Lithuania values crypto-asset and payment service providers with strong infrastructure, competent teams, and sustainable business models. Since Brexit, Lithuania has become one of Europe’s fintech hubs, and crypto services are now an integral part of this sector.
Operating in Lithuania since 2022, Nuvei Liquidity is part of the Nuvei Group – one of Canada’s largest financial technology service providers, active in more than 20 jurisdictions.
Our Team and Services
We advised the client from the early preparation stage through to obtaining the licences, including developing the business plan and product structure to ensure MiCAR compliance, drafting internal policies and processes in line with MiCAR and anti-money laundering and counter-terrorist financing (AML) regulations, as well as preparing shareholder and management suitability assessments. The application was submitted to the Bank of Lithuania in April 2025.
The project was led by our senior associate, Akvilė Jurkaitytė, together with a partner, Augustas Klezys. The core team also included partner Evaldas Dūdonis, counsels Lina Aleknaitė-van der Molen, Vitalija Impolevičienė, Irma Kunickė, Stasys Drazdauskas, associates Karolina Kasciukevičiūtė, Izabelė Šekaitė, Raminta Matulytė, Radvilė Kvederaitė and Grėta Šumskytė, along with other firm’s specialists.
