Bittrex Global officially announces today the opening of its headquarters in Vaduz, Liechtenstein. Bittrex Global is a new platform that will operate in Liechtenstein. Bittrex Global plans to launch its platform at the end of October.
As part of this launch, Bittrex Global is naming Kiran Raj as the first Chief Executive Officer of Bittrex Global and Stephen Stonberg as Chief Operating Officer. Both Kiran and Stephen are living in Liechtenstein and are excited to be part of blockchain community in Europe. Kiran will be responsible for running all facets of the business and implementing the strategic vision. He previously was a partner at the law firm of O’Melveny & Myers LLP and served as the Deputy General Counsel of the U.S. Department of Homeland Security. Stephen will work to enhance international business operations at Bittrex Global. He spent his entire 25-year career working in financial markets in London and New York before establishing himself in the world of blockchain in 2018.
“Opening our international headquarters in Liechtenstein puts Bittrex Global in the heart of Europe’s financial hub,”
said Kiran Raj.
“This move brings regulatory clarity that will help accelerate our development of new features and products like customer reward programs, credit card interoperability, mobile apps, and exciting new projects for our global users and partners.”
Global Banking in compliance with EU and Liechtenstein law
Operating within Liechtenstein, Bittrex Global platform will feature a streamlined token approval process and plans to provide a number of different trading pairs. Besides providing access to exciting blockchain projects, Bittrex Global plans to offer several features to give users more ways to use and interact with the platform – for instance Bittrex Credits, a new customer rewards program, private token sales under EU law, use of bank-issued credit and debit cards to buy cryptocurrencies on Bittrex Global, and a mobile app for trading cryptocurrencies on the go.
“The proposed regulatory framework, the Transaction Systems Based on Trustworthy Technologies Act, commonly referred to as the Blockchain Act, is one of the most pioneering blockchain regulations in the world. Bittrex Global looks forward to registering under the Act once it is passed”
states Stephen Stonberg
“The Bittrex Global platform will maintain its own local compliance team to ensure high levels of Know Your Customer and Anti-Money Laundering review.”
Bittrex Global will accept customers from around the world, but is not available in the United States (or to U.S. persons in any country) or to persons where prohibited by applicable law, or to countries subject to various sanctions or legal prohibitions. Bittrex International (Malta) has announced that it will be stopping operations. Existing Bittrex International (Malta) users will be able to join Bittrex Global and use their current credentials. New users will be able to sign up for Bittrex Global when it launches at the end of October.