Bittrex Global: Building Blockchain Innovation in Liechtenstein

[LILIANABITTREXGLOBAL]

We are excited to launch Bittrex Global in Liechtenstein. This has happened in October 23d, 2019. Our business has big ambitions to accelerate mainstream adoption of blockchain, a technology we believe to be the most transformative in the world today.

We recently caught up with BlockTV about our recent launch in Liechtenstein and the importance of balancing regulation with innovation: https://blocktv.com/watch/2019-11-07/5dc3f7794b776-digital-markets-the-latest-developments-on-bittrex-global-

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Bittrex Global is excited about the Transaction Systems Based on Trustworthy Technologies Act (generally known as the Blockchain Act). This is a bill just ratified by the Liechtenstein Parliament that creates the most advanced regulatory framework for blockchain in the world. In a nutshell, the Blockchain Act makes it possible to ‘tokenize’ assets — i.e. hold and trade them digitally.

With innovation of this kind must come corresponding protection, and the Blockchain Act provides this, creating a legal foundation for the token economy. Thanks to the Act, participants in the token economy will now enjoy unrivalled regulatory protection. It’s a move that should create the confidence and reassurance for more people to access the benefits of blockchain and the token economy.

The Bittrex Global platform for trading digital assets, built on the proven technology that has made Bittrex the premier U.S.-based blockchain provider, will offer a streamlined token approval process designed to advance new blockchain projects with transformative potential.

Our ambition is that the launch of Bittrex Global in Liechtenstein will bring together industry-leading technology and expertise with an innovative regulatory framework for blockchain. We firmly believe that blockchain will change how goods, services and operations are managed globally. Our role is to provide the best-in-class platform that allows those things to happen: contributing to confidence and momentum in the token economy.

About Bittrex Global

Bittrex Global has one of the most secure trading platforms and digital holding infrastructures in the world where customers can access exciting new products. Built on Bittrex’s cutting-edge technology, Bittrex Global provides an institutional grade experience for professional and novice customers alike. The Company is headquartered near the financial center of Zurich, in the Principality of Liechtenstein.

Secure platform – Bittrex Global employs the most reliable, effective security technologies available. We leverage an elastic, multi-stage holding strategy to ensure that the majority of funds are kept in cold storage for additional safety. Bittrex Global also enables two-factor authentication for all users and provides a host of additional security features to provide multiple layers of protection. Security is always our first priority.

Custom-built trading engine – Our custom trading engine was designed to be scalable and to ensure that orders are executed in real-time. We also support third-party trading platforms and algorithmic trading via our extensive APIs.

Fast deposits and withdrawals – Our highly efficient and automated monitoring platform allows us to provide users the fastest transactions available today. This includes updates on balance, trade, and holding information.

Driving Innovation – To help drive innovation in the blockchain industry, Bittrex Global is committed to supporting both new and established blockchains. Bittrex Global seeks to provide its users with an ever-growing selection of blockchain technologies and digital tokens, and all new digital tokens listed on the trading platform must complete a rigorous review process.

Commitment to compliance – Bittrex Global is committed to complying with all current EU and Liechtenstein regulations that help prevent, detect and remediate unlawful behavior by customers and virtual currency developers when using the Bittrex Global trading platform or any of the company’s other services.

Innovative location – Our location in Liechtenstein, where a pioneering regulatory framework for blockchain is currently being considered, places us to take a leading role in the international development of blockchain: driving adoption, working more closely with token teams and being more responsive to our customers.

Global Customers -- Bittrex Global will accept customers from around the world, except the United States and countries subject to various sanctions or legal prohibitions. US customers should contact Bittrex Inc. (a separate company), as they do today.

 

Management Team

Kiran Raj

Bittrex Global

Chief Executive Officer

Kiran Raj is currently the CEO of Bittrex Global, a Europe-based cryptocurrency exchange platform.

Prior to joining Bittrex Global, Kiran worked in private legal practice as a partner at O’Melveny & Myers in Washington DC. Before private practice, Kiran served as Deputy General Counsel at the Department of Homeland Security, working directly with leaders of corporate America on the intersection of cybersecurity and privacy with law, policy, and technology. He held a similar role at the U.S. Department of Justice as Senior Counsel to the Deputy Attorney General.

Before entering the legal profession, Kiran was a lead program manager at Microsoft Corporation where he had responsibility for developing and deploying software tools and technologies that improved the security, compatibility, and overall application experience of the Windows operating system.

Kiran holds degrees from the University of California at Berkeley (B.S., Electrical Engineering and Computer Science) and the Emory University School of Law (J.D., First Honors Graduate).

 

Stephen Stonberg

Bittrex Global

Chief Operating Officer

Stephen has spent his entire 25-year career working in financial markets in London and New York. In 2018 he left the traditional world of finance to get involved in Blockchain. At Bittrex Global he is working to enhance international business operations.

Prior to Bittrex Global, Stephen joined the Investment Management Division of Goldman, Sachs & Co. in 2015. Stephen advised executives, entrepreneurs, and foundations manage all items of economic impact to their balance sheet. Prior to joining Goldman Sachs, he advised some of the world’s most sophisticated investors as a Partner and US CEO at Brevan Howard, Head of the New York office at Winton Capital, and Managing Director at Credit Suisse Asset Management. Prior to this, Stephen worked as a Managing Director in Fixed Income Sales and Trading at JPMorgan, and in Mergers and Acquisitions.

Stephen holds an MBA from Harvard Business School and a bachelor’s degree in Economics from Columbia University. He has served on several public company and non-profit boards.


Check Bittrex Global official channels for more announcements:

Telegram: Bittrex Global Offical channel https://t.me/bittrexglobal
Telegram Bittrex Global Community: https://t.me/BittrexGlobalEnglish
Facebook: https://www.facebook.com/BittrexGlobal
Twitter: https://twitter.com/bittrexglobal
LinkedIn: https://www.linkedin.com/company/28558376/
Instagram: https://www.instagram.com/bittrex_global/
Medium: https://medium.com/bittrexglobal


If you need technical support please contact: https://bittrexglobal.zendesk.com/hc/en-us

[n2004al]

Good move dear friends. Bittrex is a powerful tool and Bittrex Global is the right move for the Europeans people who love crypto. The blockchain is the right technology for every field. The tech for the tomorrow.

Hope the best for Bittrex.

[LILIANABITTREXGLOBAL]

Thank you for your support!

[malevolent]

Any chance to drop the KYC requirement to use your platform like it was possible in the past? Poloniex stopped requiring KYC for accounts withdrawing <$10k/day.

[exstasie]

Any chance to drop the KYC requirement to use your platform like it was possible in the past? Poloniex stopped requiring KYC for accounts withdrawing <$10k/day.

Interesting thought. I was assuming this whole time that Liechtenstein was part of the EU because of where it's located. I see now that it's not, so they are not subject to the EU AML directives. So maybe the possibility is there.

I don't see any mention of AML, KYC, money laundering, etc. in the recently passed "Blockchain Act" but I'm also not sure what existing laws already said.

[malevolent]

Interesting thought. I was assuming this whole time that Liechtenstein was part of the EU because of where it's located. I see now that it's not, so they are not subject to the EU AML directives. So maybe the possibility is there.

Yeah, that'd be nice not to have Binance (and now Poloniex) the only somewhat trustworthy and liquid exchanges as one of the few places without mandatory KYC. But reading the CEOs bio I wouldn't hold my breath:

Before private practice, Kiran served as Deputy General Counsel at the Department of Homeland Security, working directly with leaders of corporate America on the intersection of cybersecurity and privacy with law, policy, and technology. He held a similar role at the U.S. Department of Justice as Senior Counsel to the Deputy Attorney General.

[The Cryptovator]

Bittrex was my first trading exchange when I started crypto trading. That time there were no KYC requirements for withdrawals (likely below 2 btc). But lately KYC become mandatory in order to withdraw funds. I am quite agree with @malevolent regarding KYC concern. Bittrex global should reconsider withdrawal even without KYC verification, no matter even it limited with 1btc per day. So who are small traders like me they will more encourage to use Bittrex again.

I like Bittrex for various reason, especially no pump dump. And security is fine for me, I had not faced any issue till now with Bittrex or Bittrex global. But they should go with trend and follow competitors. For example poloniex allowing again withdrawal fund without KYC (although limited amount). I think that's way poloniex will gain traders trust once again and traders would move to poloniex once again like Binance. So it's time to take right decision about KYC requirements.

[buwaytress]

Interesting thought. I was assuming this whole time that Liechtenstein was part of the EU because of where it's located. I see now that it's not, so they are not subject to the EU AML directives. So maybe the possibility is there.

I don't see any mention of AML, KYC, money laundering, etc. in the recently passed "Blockchain Act" but I'm also not sure what existing laws already said.

They also apparently have only one bank with the licence to issue Mastercard/Visa, and they're actually heavily into crypto with a lot of KYC/AML solutions already for crypto-fiat, so they are one of those old privacy-oriented financial services jurisdiction that have quickly tried to onboard crypto to move into the future.

However, they ARE part of the EEA, so they were subject to the 4th AMLD, and so will be to AMLD5 as well. No difference, unfortunately (or fortunately?).

[lemipawa]

Are we going to abandon the old thread https://bitcointalk.org/index.php?topic=463202.0 and move the discussion here moving forward? The discussion there are still active and there are some unanswered queries there that needs attention too.

I've been a Bittrex user for quite sometime now and Bittrex has been my 2nd home aside from Binance. I encountered a few hiccups along the way but it was resolved in a timely manner.