December 24, 2024 – Vaduz, Liechtenstein
LCX, Liechtenstein’s crypto-asset exchange, has officially filed a pre-application for the pan-European MiCA (Markets in Crypto Assets Regulatory) license with the Financial Markets Authority (FMA) of Liechtenstein. This significant move positions LCX as one of the first regulated cryptocurrency exchanges seeking to fully comply with the upcoming MiCA regulations.
LCX is the fastest growing regulated crypto exchange in Europe and has rigorously prepared for the new regulatory framework to be ready for MiCA. Liechtenstein will implement MiCAR through the EEA MiCAR Implementation Act, which is expected to come into force on February 1, 2025. LCX’s MiCA license will give LCX full market access in the Economic Area European Union (EEA), which includes 30 countries, including EU member states. with Iceland, Liechtenstein and Norway – and has a combined population of around 450 million.
LCX has been registered as a Crypto Asset Service Provider (CASP) in Liechtenstein since 2020 and holds more registrations under the Trusted Technology Service Provider Act (Blockchain) laws than any other company in the country. With its MiCA readiness, LCX is the largest cryptocurrency exchange headquartered in the EEA, providing market access across the entire European Union. By meeting Liechtenstein’s strict regulatory requirements, LCX is officially ready to operate under the upcoming MiCA.
Monty CM Metzger, CEO and Founder of LCX, said:
“The MiCA preliminary license application is a critical step in our growth strategy and reflects our long-standing commitment to regulatory excellence. We have always been a leader in compliance within the crypto industry, and this move will allow us to continue offering innovative solutions. , compliant and secure to become the leading crypto exchange in Europe. People are proud to have an account with LCX.
LCX’s pre-application process in Liechtenstein demonstrates its proactive approach to ensuring a seamless transition to MiCA regulation, one of the world’s most comprehensive regulatory regimes for digital assets. Formally, MiCA license applications in Liechtenstein can only be submitted from the applicability of MiCAR (February 1, 2025 and enactment of the EEA-MiCAR Implementation Act). MiCA provides regulatory clarity while enabling innovation for Bitcoin, digital assets and blockchain technology.
About LCX
LCX is the largest crypto exchange in Liechtenstein and one of the leading exchanges in Europe. As a regulated cryptocurrency exchange LCX.com has become one of the fastest growing digital asset spot exchanges for Euro (EUR), Bitcoin, Ethereum and hundreds of other cryptocurrencies. LCX was founded in 2018 and offers compliant token issuance and RWA tokenization solutions. LCX’s mission is to provide individuals and businesses with secure and innovative crypto solutions, revolutionizing finance through blockchain and enabling wealth freedom.
For more information, please contact:
LCX Media Relations
Email: (email protected)
Website: LCX.com
Disclaimer: This press release is for informational purposes only and does not constitute legal, financial, or investment advice. LCX AG is registered as a trusted technology service provider in Liechtenstein. No representation or warranty, express or implied, is made as to the accuracy, completeness or suitability of the information contained herein. Readers are advised to conduct their own research and consult professional advisors before making any decisions regarding digital assets or related investments.
