Liechtenstein Cryptoassets Exchange (LCX) announced on Tuesday the launch of its regulated and compliant digital currency exchange. LCX reported it secured approvals of eight licenses under the new blockchain laws in Liechtenstein last week.
The LCX Exchange describes itself as a regulated trading venue offering a range of digital currencies. The platform notably has been built from the ground up, leveraging the proficiency of our progressive crypto portfolio desk, LCX Terminal, LCX Defi Terminal, and crypto compliance suite. Initially, LCX will offer the most popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and LCX Token ($LCX). Monty Metzger, CEO and Founder of LCX, further stated:
“LCX Exchange is a new generation of cryptocurrency exchange. 2021 will be the year of blockchain innovation and we see crypto compliance as key to success.”
LCX also noted it secured approvals of eight licenses with the registration Nr 288159, which makes it the first cryptocurrency platform to achieve this important regulatory milestone in Liechtenstein, allowing LCX to offer the broadest scope of blockchain services. The platform added:
“The license approvals include compliant crypto exchange (Exchange Service Provider), digital asset and crypto custody (Token Depositary and Key Depositary), reliable price oracles (Price Service Provider), KYC, AML and crypto compliance services for tokenization and other blockchain projects (Identity Service Providers), safe and secure smart contract creation and delivery (Token Generator) and a token offering platform (Token Issuer on behalf of the clients).”