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The Litecoin Foundation non-profit organization has been incorporated as a public company limited by guarantee in Singapore.
Litecoin Foundation is finally successfully incorporated. https://t.co/15UlXKB8Fy #LTC #litecoin $LTC
— Xinxi Wang (@TheRealXinxi) April 3, 2017
The announcement has been made on the Litecoin Foundation’s official blog post. According to the announcement, the process took two months.
The document posted reveals that the company has been registered in Singapore. The listed activities include software programming and development. This includes development, promotion, protection, and standardization of the Litecoin System.
Litecoin price has been recently in the news as it jumped from 4.28 levels to 20-month high at 9.00 levels on March 30. It is currently trading at 9.42 levels at the time of writing (Kraken).
