The Liechtenstein Cryptoassets Exchange (LCX) has secured approvals of eight license categories under the Token and Trusted Technology Service Provider Act (TVTG), according to a release.
“We have a long-standing commitment to building a fully regulated safe and reliable business while delivering a seamless user experience. Being one of the first cryptocurrency platforms to receive the Liechtenstein blockchain licenses is an important milestone. We look forward to rolling out additional compliant and innovative products and services in 2021,” commented Monty C. M. Metzger, CEO and founder at LCX.
On October 3, 2019, the Liechtenstein Parliament passed the TVTG or the “Blockchain Act.” The law went into force on January 1, 2020.
LCX says it is one of the first crypto platforms to receive approvals for eight license categories from the Financial Market Authority (FMA) of Liechtenstein.
LCX AG, the legal entity owning and operating LCX.com platform, has received the regulatory approval to operate the following services:
- TT Exchange Service Provider
- TT Token Depositary
- TT Key Depositary
- TT Price Service Provider
- TT Identity Service Providers
- Token Generator
- Token Issuer on its own
- Token Issuer on behalf of the clients
LCX aims to offer a full range of services in accordance with the scope and the definitions of the Lichtenstein Blockchain Laws. LCX is a Fintech services company that focuses on tokenization of assets, security token offerings, and trading tools.