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Binance Crypto Exchange to Support EOS Airdrops: IQ, DAC & EON

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The world’s best cryptocurrency exchange for altcoins is at it again with the recent EOS Mainnet Launch, Binance has made an official announcement that they will honor and support #EOS airdrops for DAC, EON and IQ. The EOS coinholders have been eagerly awaiting free airdrops from the mainnet activation launch and it is finally here. But many have left to wonder who will support them and how do they actually receive the airdrops.

The crypto communities has a clearer picture after an announcement by: Binance cryptocurrency Exchange to support EOS Airdops.

The EOS Airdrops that Binance will support is: IQ, DAC and EON. The question on whether Binace would support future airdrops has been a lingering question among social media channels.

While Binance does say they will support the Airdrops, it is up to the companies themselves to get in contact with the team in order to plan out distributions.

“If Binance does not receive any correspondence and/or the project teams refuse to transfer the corresponding airdrop amounts to Binance (for distribution to our users), the airdrops will not be supported by default.”

You can see the official announcement here. Back on March 12, 2018 Binance did make a public statement regarding the fact they would support the EOS Mainnet token swap and that day has finally arrived. Now that the first three airdrop coins are here, we wonder when the rest of the EOS Airdrops will be announced and ready to roll.

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Binance Form Alliance with LCX to Launch Binance LCX Crypto-to-Fiat Exchange

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Binance, the world’s largest cryptoassets exchange by 24-hour trading volume, has announced the launch of a fiat-to-crypto exchange in the heart of Europe. It will offer trading between the Swiss Franc (CHF) and Euro (EUR) against a handful of established digital assets, as per an August 16, 2018, press release.

Binance Crypto Revolution
The world famous exchange has added another trophy to its gallery by launching a fiat-to-crypto exchange in collaboration with Liechtenstein Cryptoassets Exchange (LCX).

As stated in the press release, Binance LCX exchange will make it possible for crypto investors in the region to carry out trading activities between the Swiss Franc (CHF) and the Euro (EUR), against major digital currency pairs, with more trading pairs to be added over time pending regulatory approval.

Per the statement, the Binance team will handle all the technical aspects of running the exchange including the provision of the underlying trading engines while Binance LCX will take care of customer service operations, legal matters, due diligence, KYC and AML activities, as well as communicating with the government.

The team has made it clear that they only need ten to 15 workers to run the exchange and the hiring process is ongoing. The CEO and Founder of Binance exchange, Changpeng Zhao iterated that the Binance LCX platform would create a reliable and sustainable “crypto-to-fiat gateway for professional and regular investors alike.”

Located in the Upper Rhine valley of the European Alps, bordered by Austria and Switzerland to the east and south respectively, crypto-friendly Liechtenstein is part of the European Economic Area (EEA) and authorities are looking to enact more amenable regulations, including the Blockchain Act Liechtenstein, to boost its distributed ledger technology (DLT) ecosystem and token economy.

Steady Growth

“We welcome Binance LCX to Liechtenstein. Blockchain technologies are laying the basis for an entirely new industry,” said the Liechtenstein Prime Minister, Adrian Hasler. He also expressed optimism over the robust and non-draconian nature of existing laws in the nation, stating that Binance LCX, as well as other blockchain-based startups in the country, will not face legal challenges.

It’s noteworthy that Binance is one of the very few startups that sprang to life via the controversial initial coin offerings (ICO) route and hit the ground running before spreading the gospel of cryptocurrencies to all parts of the globe.

Binance also launched a fiat-to-crypto exchange in Uganda, offering crypto traders a robust platform to trade bitcoin and other virtual currencies.

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Binance, LCX Collaborate to Launch Fiat-to-Cryptocurrency Exchange in Liechtenstein

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Binance, the world’s leading cryptocurrency exchange by volume, has partnered with Liechtenstein Cryptoassets Exchange (LCX) to create and launch a cryptocurrency trading platform that allows users to trade directly against fiat currencies such as the euro.

The Malta company announced Binance LCX as the forefront of their trading operations in the Central European economy. This newly established joint venture will allow cryptocurrency users to trade their crypto-assets for Swiss francs (CHF) and euros (EUR). Binance will be overseeing operations and management of the technology platform, while its unification with LCX will be responsible for managing customer support and regulatory compliance.

Just over a year ago, Binance did not exist. It wasn’t until the end of July 2017 when the Binance ICO gave the firm its first presence in a competitive trading market. The company’s ability to handle larger volumes and its choice of being bankless had put it on the top ten crypto exchanges list at an early stage. Binance now leads the list and has recorded 85 percent ICO returns for its token sale participants already.

“I believe Binance LCX will create a sustainable and reliable fiat-crypto gateway for professional and regular investors alike,” said a confident Changpeng Zao, CEO and founder of Binance. “I hope Binance LCX will drive new standards for usability and compliance for the blockchain industry, and we are very excited to bring the relevant experience and best practices to grow our team at Liechtenstein.”

LCX, as an individual organization, is “an exchange made for professional investors offering crypto custody, an advanced trading platform for security tokens and other crypto assets.” The company hasn’t released its whitepaper, but it appears “well-backed,” should the sheer presence of some high-profile names, including Wikipedia’s Founder Jimmy Wales, in its advisory list be considered.

LCX is reportedly looking to obtain a MiFID II license in line with the Liechtenstein Banking Act. The exchange will also be applying for permits under the Liechtenstein Blockchain Act, a holistic initiative by the Government of Liechtenstein to build legal security for cryptocurrency and blockchain businesses.

The Binance LCX partnership has attracted support from Adrian Haslet, the Prime Minister of Liechtenstein, indicating strong political and regulatory backing for this initiative. Haslet said:

“We welcome Binance LCX to Liechtenstein. Blockchain technologies are laying the basis for an entirely new industry. We are confident that Liechtenstein’s existing and future legal framework and practice provide a robust foundation for the Binance LCX and other Blockchain companies to provide exceptional services here in Liechtenstein.”

The Binance token value (BNB/USD), as of the time of writing, had risen approximately four percent on the news.

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Binance LCX Officially Launched Fiat to Crypto Exchange

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Binance LCX has released a new announcement yesterday, August 16. According to their statement, the joint venture of LCX (Liechtenstein Cryptoassets Exchange) and Binance is launching a new exchange that will allow exchanging fiat currencies to cryptos.

Binance LCX Launches A New Exchange Platform

The platform will be based in Liechtenstein and will allow euros (EUR) and Swiss Francs (CHF) to be exchanged for several major cryptocurrencies. In time, the exchange will add many more trading pairs, as soon as they receive regulatory approvals.

The platform will be supported by Binance itself, while Binance LCX will be responsible for leading customer support, communicating with the government, and handling regulatory compliance.

So far, Liechtenstein seems more than pleased with this move, according to the statement by the country’s Prime Minister, Adrian Hasler. He said that the country’s future legal framework will surely provide Binance LCX with a stable foundation. Furthermore, he hopes that the other blockchain firms will be equally as capable of benefiting while they operate from Liechtenstein.

While the large part of Europe still mistrusts cryptos, Liechtenstein has become known as a blockchain and crypto-friendly country. In fact, it is working on improving these technologies by working on their development, similarly to Switzerland itself. Not only that, but Liechtenstein also introduced a new blockchain-related law quite recently.

The law will provide both, businesses and their customers with regulatory and legal certainty in order to make working with cryptocurrencies safe and profitable for everyone involved. Additionally, Hasler also mentioned that he believes that these technologies hold great potential. In fact, the entire country shares this view and believes that blockchain can be a major base for various economic applications.

Through the blockchain tech, numerous financial solutions can be achieved, and its potential goes far beyond covering payment transactions. Additionally, Hasler believes that blockchain can also offer use cases in various industries and even general applications.

The platform will be supported by Binance itself, while Binance LCX will be responsible for leading customer support, communicating with the government, and handling regulatory compliance.

So far, Liechtenstein seems more than pleased with this move, according to the statement by the country’s Prime Minister, Adrian Hasler. He said that the country’s future legal framework will surely provide Binance LCX with a stable foundation. Furthermore, he hopes that the other blockchain firms will be equally as capable of benefiting while they operate from Liechtenstein.

While the large part of Europe still mistrusts cryptos, Liechtenstein has become known as a blockchain and crypto-friendly country. In fact, it is working on improving these technologies by working on their development, similarly to Switzerland itself. Not only that, but Liechtenstein also introduced a new blockchain-related law quite recently.

The law will provide both, businesses and their customers with regulatory and legal certainty in order to make working with cryptocurrencies safe and profitable for everyone involved. Additionally, Hasler also mentioned that he believes that these technologies hold great potential. In fact, the entire country shares this view and believes that blockchain can be a major base for various economic applications.

Through the blockchain tech, numerous financial solutions can be achieved, and its potential goes far beyond covering payment transactions. Additionally, Hasler believes that blockchain can also offer use cases in various industries and even general applications.

Liechtenstein Takes Care of Europe

Another important development includes the lending institution from Liechtenstein, Bank Frick, which started offering cold storages and direct investments in five cryptos in March of this year. The coins that they support include Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), XRP, and Litecoin (LTC).

The service wishes to meet the needs and requirements of professional participants of the crypto market, as well as major financial intermediaries. The fact is that crypto-related services are much-needed in Europe. Because of this, Hubert Büchel, the bank’s Chief Client Officer, believes that this is the right move and that Bank Frick is more than capable of satisfying the needs of clients from all over Europe.

As for Binance LCX, there is still much work that needs to be done, mostly regarding the communication with the country’s government and ensuring that all regulations are properly met. The exchange is also filling the empty spots within its team, all with the goal of providing the best professional service to their target audience.

Not only that, but the location will allow the exchange to serve pretty much the entire Europe, as well as all visitors to the continent. Blockchain Act Liechtenstein will provide all legal responsibilities, and by all intents and purposes, the exchange is ready to revolutionize the crypto dealings in Europe.

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