Forex can be amazing for Nash.
I think Ethan mentioned that they need a security dealers licence to issue securities in Europe. Conducting STOs is almost certainly on the roadmap.
By ‘forex’ I’m assuming you mean trading blockchain based stablecoins/national currencies because otherwise there’s no point in people using Nash to trade fiat/fiat. Traditional forex trading has very low fees (0.002%) so huge forex volume doesn’t necessarily mean huge fees collected. Remains to be seen what blockchain ‘forex’ fees will be like.
For the U.S. a broker-dealer license is required and different states have different requirements.
Any exchange related Licences that are separate from broker/dealers ? or is that or dealt with in Liechtenstein ?