Big fan of cryptocurrency and ever been thinking about moving to Liechtenstein? Liechtenstein, seen as an important financial center in the world, is moving more and more towards crypto and crypto regulations. Today, the news came out that LCX, the Liechtenstein Cryptoassets Exchange, has acquired an official “business license” in Liechtenstein.
According to a press release, Liechtenstein Cryptoassets Exchange (LCX) has recently acquired a “business license” in Liechtenstein. LCX is a blockchain ecosystem for professional investors.
The cryptoasset exchange is aiming to provide crypto custody service called LCX Vault, a crypto trading desk called LCX Terminal, an advanced trading platform for security tokens and other cryptoassets called LCX Exchange, and an international fiat-to-crypto exchange called Binance LCX, which is a joint venture with Binance.`
Claiming to comply with “all regulatory requirements” for Anti-money laundering (AML) and Know Your Customer (KYC), the LCX now officially provides institutional crypto players with the services mentioned above. Furthermore, the new license granted by the Liechtenstein Ministry of Economic Affairs is reportedly a milestone for LCX in developing their fully regulated blockchain ecosystem.
Binance LCX represents a joint venture between the LCX and the currently world’s largest crypto exchange Binance. Launched in August 2018, the exchange offers trading in major cryptocurrencies pairs against CHF and euros (EUR).