Binance launches exchanger in Liechtenstein.

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Binance, the largest cryptocurrency exchange by volume, announced the launch of the crypto-Fiat trading platform in Liechtenstein through a joint venture with LCX.

LCX plans to create a team of 15 professionals for its office in Liechtenstein, which will manage the customer support, legal requirements, due diligence, verification of user names (KYC), anti-money laundering (AML) and communications with the government, and the team Binance will directly provide and maintain the trading platform.

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

I believe that Binance LCX will create a stable and reliable crypto-Fiat gateway for professional and regular investors. I hope that Binance LCX will implement new standards in terms of usability and compliance of the blockchain industry, and we are very pleased to bring relevant experience and best practices to the development of our team in Liechtenstein.

Monty C. M. Metzger, CEO of LCX, added: "Professional investors need a reliable channel for investments in cryptocurrency assets. We are pleased to establish a joint venture with Binance to set new standards for the industry."

Adrian Hasler, Prime Minister of Liechtenstein, welcomed the joint venture and said:

We are confident that the existing and future legal framework and practice of Liechtenstein is a sound basis for Binance LCX and other blockchain companies to provide exceptional services here in Liechtenstein.

A tiny European nation is currently working on a law to regulate blockchain and cryptocurrency to implement a comprehensive legal framework for the crypto sector.

Link to information resource - https://altstake.io/news/binance-zapuskaet-obmennikv-lihtenshteyne