Binance LCX is launching a fiat-to-crypto exchange in Liechtenstein. The company, which is a joint venture of Binance and Liechtenstein Cryptoassets Exchange, has already announced the launch of the new platform, as official sourced report.
The platform, located in Liechtenstein, will be providing the exchange services between the Swiss Francs and Euros against major cryptocurrencies. In the nearest future, the implementation of more cryptocurrencies is planned.
Binance will provide the support for the platform, while Binance LCX will be providing services connected with the customer support, will be taking care of compliance with all regulatory norms and will be responsible for communication with the government of the country.
Liechtenstein is known for a very friendly attitude towards cryptocurrency and the blockchain. It has a new blockchain law, that provides legality for businesses and hence, provides some certainty for those who use crypto.