BINANCE INITIATED F-T-P EXCHANGE IN LIECHTENSTEIN-CRYPTONEWS#6

in #mgsc6 years ago (edited)

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Binance, the largest cryptocurrency exchange by volume, has announced it’s launching a fiat-to-crypto trading platform in Liechtenstein.

Binance LCX plans to build up a team of up to 15 professionals for its Liechtenstein office that will govern customer support, legal requirements, due activity, KYC, AML and government communication, while the team at Binance will provide and maintain the platform.

Binance LCX plans to build up a team of up to 15 professionals for its Liechtenstein office that will manage customer support, legal requirements, due diligence, KYC, AML and government communication, while the team at Binance will provide and maintain the platform.

According to a press release, the new exchange will offer trading for Swiss francs (CHF) and Euros (EUR) against major cryptocurrencies and add more trading pairs in the future. Discussion on the launch of the platform, Binance CEO and founder Changpeng Zhao said:

''I believe Binance LCX will create a sustainable and reliable fiat-crypto gateway for professional and regular investors alike. I hope Binance LCX will run new standards for benefit and concession for the blockchain industry, and we are very excited to bring the suitable experience and best practices to grow our team in Liechtenstein''

Monty C. M. Metzger, CEO of LCX, added: “Professional investors need a reliable fiat change to invest into crypto assets. We are excited to launch the joint deal with Binance to establish new standards for the blockchain industry.”

Adrian Hasler, Prime Minister of Liechtenstein, welcomed the joint deal and said: “We are confident that Liechtenstein’s existing and future legal plan and practice provide a robust foundation for the Binance LCX and other blockchain companies to provide special services here in Liechtenstein.” The tiny European nation is currently working on its Blockchain Act in order to implement a complete legal plan for the crypto zone.

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