Crypto exchange company Bittrex, today announced that it will be expanding the operation of its trading platform for qualified customers to Liechtenstein.
The exchange will feature a streamlined token approval process and provide options on trading pairs including fiat markets in USD and, in the near future, Euro and additional fiat markets.
Bittrex International will operate in Liechtenstein within the proposed regulatory framework under consideration by the Liechtensteiner parliament, the Transaction Systems Based on Trustworthy Technologies Act, also known as the Blockchain Act.
The Bittrex International platform will maintain its own local operations, including a compliance team to ensure high levels of Know Your Customer and Anti-Money Laundering processes.
“We are delighted to launch Bittrex International in Liechtenstein and offer our clients access to such a well-established financial center in the heart of Europe. This is a unique opportunity for Bittrex International to bring our world-class technology and security to a market with great infrastructure, strong, open-minded regulators and a well-educated financial services workforce. Likewise, the Blockchain Act under consideration in parliament will provide certainty to companies operating in the blockchain industry. The Liechtensteiner government and regulators are taking a very proactive, pro-business approach looking to foster innovation in blockchain, which fits perfectly with our mission and we applaud them for their work.”
– Bill Shihara, CEO of Bittrex International