Lichtenstein Crypto Asset Exchange - Hans Adam 3.
17 Sep,
19 tweets, 6 min read
Why regulation is key for the future infrastructure of Crypto!
Mega Thread about $LCX the most regulated and compliance Crypto Company world wide and the Lichtenstein Blockchain Act.
1/ An example why the market Leader #Binance $BNB is shady
coindesk.com/policy/2021/09…
Mega Thread about $LCX the most regulated and compliance Crypto Company world wide and the Lichtenstein Blockchain Act.
1/ An example why the market Leader #Binance $BNB is shady
coindesk.com/policy/2021/09…
2/ History between $LCX and #Binance #Shady #CZ #Scammer
2018 Binance started a joint venture with $LCX to get the highly needed licenses of the Lichtenstein Blockchain Act
businesswire.com/news/home/2018…
2018 Binance started a joint venture with $LCX to get the highly needed licenses of the Lichtenstein Blockchain Act
businesswire.com/news/home/2018…
3/
How it startet.
LCX Vision was always to create the best regulatory foundation to built on. Monty wanted to help Binance to get compliance.
How it startet.
LCX Vision was always to create the best regulatory foundation to built on. Monty wanted to help Binance to get compliance.
How it went.
Liquidation of joint Venture by Financial Market authority.
Speculative part which is under NDA between LCX and Binance. The Lichtenstein Financial Market authority likely checked Binance Books and his (shady) history.
ico.li/no-binance-bra…
Liquidation of joint Venture by Financial Market authority.
Speculative part which is under NDA between LCX and Binance. The Lichtenstein Financial Market authority likely checked Binance Books and his (shady) history.
ico.li/no-binance-bra…
How it ended.
Binance got banned out of Lichtenstein.
CZ called Monty a Scammer.
$LCX lost 1 year but
@montymetzger deceided to build its own Exchange and Tokenisation Ecosystem. The most regulated one.
$LCX got 8/11 licenses from the Blockhain Act
coindesk.com/business/2021/…
Binance got banned out of Lichtenstein.
CZ called Monty a Scammer.
$LCX lost 1 year but
@montymetzger deceided to build its own Exchange and Tokenisation Ecosystem. The most regulated one.
$LCX got 8/11 licenses from the Blockhain Act
coindesk.com/business/2021/…
4/ So what is the Law?
groundbreaking framework conditions and legal security for the creation of a true token economy
any asset or right can essentially be represented by a token based on trustworthy technology
Tokenize Everything - $LCX
google.com/amp/s/scalable…
groundbreaking framework conditions and legal security for the creation of a true token economy
any asset or right can essentially be represented by a token based on trustworthy technology
Tokenize Everything - $LCX
google.com/amp/s/scalable…
5/
Lcx worked over 2 years to get all these 8 Licenses. If you want to go in details check the translated law text here:
lcx.com/blockchain-law…
Lcx worked over 2 years to get all these 8 Licenses. If you want to go in details check the translated law text here:
lcx.com/blockchain-law…
6/ Which 8 license $LCX got granted. BTW Lcx will built for every license at least one Product!
The role for Cryptocurrency Exchanges:
•TT Exchange Service Provider: Exchanges or marketplaces for cryptocurrencies, tokens, and fiat-money such as USD, Euro, or Swiss francs.
The role for Cryptocurrency Exchanges:
•TT Exchange Service Provider: Exchanges or marketplaces for cryptocurrencies, tokens, and fiat-money such as USD, Euro, or Swiss francs.
7/
Roles relevant for Token Creation, Token Sales, or Airdrops:
•Token Issuer: The Token Issuer publicly offers Tokens (for the first time) in their own name (Token Issuer – Role 1) or in the name of the client (Token Issuer – Role 2).
Roles relevant for Token Creation, Token Sales, or Airdrops:
•Token Issuer: The Token Issuer publicly offers Tokens (for the first time) in their own name (Token Issuer – Role 1) or in the name of the client (Token Issuer – Role 2).
8/
•Token Generator: The Token Generator develops and creates one or more tokens in their own name or in the name of others. In this process, the rules, functionalities, and variables of the Token will be defined and the smart contract will be developed and audited.
•Token Generator: The Token Generator develops and creates one or more tokens in their own name or in the name of others. In this process, the rules, functionalities, and variables of the Token will be defined and the smart contract will be developed and audited.
8/
Roles relevant for Tokenization and Security Token Offerings:
•Physical Validator: The Physical Validator ensures and guarantees the contractual enforcement of token rights. This role includes dedicated liabilities and is particularly relevant for real estate tokens.
Roles relevant for Tokenization and Security Token Offerings:
•Physical Validator: The Physical Validator ensures and guarantees the contractual enforcement of token rights. This role includes dedicated liabilities and is particularly relevant for real estate tokens.
9/
Verifying Authority: The Verifying Authority verifies that legal capacity and the requirement regarding the disposal of a token have been met. for example, services that ensure that only persons of legal age or those with a specific authorization can purchase certain tokens.
Verifying Authority: The Verifying Authority verifies that legal capacity and the requirement regarding the disposal of a token have been met. for example, services that ensure that only persons of legal age or those with a specific authorization can purchase certain tokens.
10/
TT Price Service Provider: The TT Price Service Provider provides a reliable reference price for crypto assets, e.g. via aggregation of own or third party price information.
TT Price Service Provider: The TT Price Service Provider provides a reliable reference price for crypto assets, e.g. via aggregation of own or third party price information.
11/
TT Identity Service Provider: The TT Identity Service Provider identifies the person in possession of the right of disposal of a token and records and manages a token holder directory (real-time cap table).
TT Identity Service Provider: The TT Identity Service Provider identifies the person in possession of the right of disposal of a token and records and manages a token holder directory (real-time cap table).
12/
Roles relevant for Crypto Custody:
•TT Key Depositary: The TT Key Depositary safeguards the private keys for users or clients.
Roles relevant for Crypto Custody:
•TT Key Depositary: The TT Key Depositary safeguards the private keys for users or clients.
13/
Depositary safeguards tokens in the name and for the account of others. This is often conducted by Bitcoin exchanges in collective wallets. The TVTG states that the Service Provider must ensure that tokens held in custody have to be segregated from the corresponding users.
Depositary safeguards tokens in the name and for the account of others. This is often conducted by Bitcoin exchanges in collective wallets. The TVTG states that the Service Provider must ensure that tokens held in custody have to be segregated from the corresponding users.
14/
TT Protectors: TT Protectors hold tokens in their own name and on behalf of others. A license under the Professional Trustees Act is obligatory in this case.
TT Protectors: TT Protectors hold tokens in their own name and on behalf of others. A license under the Professional Trustees Act is obligatory in this case.
Don’t miss the industry Shift from unregulated companies to highly regulated one like LCX.
Since Lichtenstein is in the European Economic Area and part of Switzerland’s finance system LCX has a unique advantages.
LCX services are Open for most countries worldwide. Even US
Since Lichtenstein is in the European Economic Area and part of Switzerland’s finance system LCX has a unique advantages.
LCX services are Open for most countries worldwide. Even US
Open your free account at LCX.com and start trading in a safe heaven 👍
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