The Binance and LCX joint venture was featured yesterday at a press conference in Lichtenstein. Binance LCX will be a fiat-to-crypto exchange in Liechtenstein, where Binance’s team will provide and maintain the technology platform, while Binance LCX will provide customer support, legal requirements, due diligence, know-your-customer (KYC) , Anti-Money Laundering (AML) and communications with government agencies.

The new Fiat crypto gateway is intended to attract both professional and regular investors. For the Liechtenstein office, Binance LCX plans to build a team of 10-15 people, which is to be discontinued from now on.