Liechtenstein's Regulation Clarity Entice Bittrex Global To Roll Out New HQ And Trading Platform

Bittrex has continued to be a leader in the blockchain industry of the United States since it was founded. It has grown to be one of the larger exchanges in the world, and their latest launch will expand their reach even further. Bittrex Global is coming soon, and it already has found a home in Liechtenstein.

The new location for the Bittrex Global headquarters was selected for its regulatory clarity.

CEO Kiran Raj and COO Stephen Stonberg were added to the Bittrex Global family with the launch of the new platform.

Bittrex provides the opportunity for consumers to trade cryptocurrency on their own platform. However, aiming to offer services to a broader audience, they have officially announced the development of Bittrex Global, which will have its headquarters in Liechtenstein. The news release provided to CoinTelegraph states that the roll-out of the new platform is presently planned for the end of October, which will be in Vaduz.

The team of the trading platform decided on Liechtenstein for their headquarters as a result of the impressive regulatory clarity on the subject of blockchain technology and digital currency, despite being a small country.

At Bittrex Global, consumers will be able to enjoy reward programs, private token sales (under EU law), a mobile app for trading, and other new features and products. The platform is planning to register under the Blockchain Act, which is also known as the Transaction Systems Based on the Trustworthy Technologies Act, after the official launch. The Blockchain Act was recently passed this spring, along with policies for Anti-Money Laundering and Know Your Customer requirements. These efforts followed the need for clarity over security token, regarding their storage, transfer and ownership.

Coinciding with the launch of this new platform, there are a few new appointments with Bittrex Global, including the introduction of Kiran Raj as the chief executive officer. The role of chief operating officer has just been filled as well, as Stephen Stonberg takes on this responsibility. Before Raj worked with Bittrex Global, he held a position as a partner with O’Melveny & Myers LLP, a law firm in Los Angeles, and he also served the US Department of Homeland Security as deputy general counsel. Stonberg, on the other hand, has maintained a 25-year career in the financial market entirely.

Following the Blockchain Act, the government passed a bill for investor protection and the fight against money laundering called the Token and VT Service Providers Act. At the time, the government stated that these regulations were necessary in countering the risks involved with the developing token economy, while promoting development and offering clarity in the regulations that govern the industry.

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Krystle M
Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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