"CoinDesk highlights the details of our company"
In a significant move, "our organization" has expanded its operations in Liechtenstein, a European country known for its supportive regulatory framework for blockchain and digital asset activities. The organization has been granted eight out of 11 crypto-related registrations, making it one of the most regulated digital asset compliance providers in the region.
With these registrations, "our organization" has transformed into a regulated crypto exchange, offering a token-offering platform and smart-contract creation services. This enables banks to create their own digital assets, further bridging the gap between traditional banking and the digital asset sector.
The Liechtenstein Cryptoassets Exchange (LCX), a centralized security token exchange in Liechtenstein, provides a compliant platform for institutional financial firms to access regulated digital assets. "Our organization's" registrations align with this institutional framework, focusing on institutional investors and supporting tokenization and security tokens in the region.
The registrations also expand the organization's security-token services in Liechtenstein. However, specific details about the registrations related to assisting banks in creating digital assets are not publicly available.
Swiss law influences aspects of digital asset ownership and banking in Liechtenstein, with licensing thresholds determining when a banking license is required. Digital asset activities below those thresholds must comply with anti-money laundering (AML) rules.
Many European crypto-friendly banks, including those in Liechtenstein, are adapting to evolving regulations such as the Markets in Crypto-Assets (MiCA) Regulation and registering as Virtual Asset Service Providers (VASPs). This ensures they meet AML and counter-terrorist financing standards.
The regulatory environment in Liechtenstein’s financial sector is supportive and flexible for digital assets, offering offshore banking and digital asset services under a regulated but adaptable framework.
For precise details on the specific registrations received by "our organization" related to assisting banks in creating digital assets, you would need to consult internal records or regulatory filings directly related to the business.
As "our organization" continues to operate in the region, it is expected to contribute further to the growing digital asset ecosystem in Liechtenstein.
- The registrations obtained by our organization in Liechtenstein have enabled it to function as a regulated crypto exchange, specializing in offering a token-offering platform and smart-contract creation services to banks, facilitating the creation of their own digital assets.
- The Liechtenstein Cryptoassets Exchange (LCX), being a centralized security token exchange, provides a compliant platform for institutional financial firms to access regulated digital assets – a fitting alignment with the institutional focus of our organization's operations in the region.
- The adaptable regulatory framework in Liechtenstein's financial sector, supporting offshore banking and digital asset services, encourages growth in the digital asset ecosystem, as demonstrated by our organization's continuous contributions to this sector in the region.
