Liechtenstein Cryptoassets Exchange Gets License to Operate Crypto Exchange Platform

Liechtenstein Cryptoassets Exchange (LCX) has obtained a Business License from the country’s Ministry of Economic Affairs. The license allows LCX to operate in Liechtenstein and offer exchange trading solutions for utility and payment tokens. To comply with the law, LCX is sticking to technology standards, including know your customer (KYC) and anti-money laundering (AML) principles.

In order to become eligible for more licenses, the crypto exchange operator increased its nominal capital from the equivalent of $100,000 to about $1 million. LCX hopes to obtain additional licenses from the Financial Market Authority (FMA) and othe…

This article appeared first on Cryptovest

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