Real-time cryptocurrency
news aggregator

Liechtenstein Blockchain Act To Create Crypto Hub For Institutional Investors

Published 2 months ago by Paddy Baker

Liechtenstein Blockchain Act To Create Crypto Hub For Institutional Investors

CryptoBriefing via cryptobriefing.com

However, its geopolitical position could make Liechtenstein a leading light for blockchain regulation, and a future powerhouse (or powercastle?) By the new millennium, Liechtenstein had reinvented itself as an international center for finance; the country is in the peculiar situation of having more registered companies that it does citizens. Liechtenstein is now working on a new piece of legislation that observers claim will make the country one of the most attractive destinations in the world for institutional investors.

Liechtenstein will not regulate cryptocurrency itself, but will instead focus on regulating the transfer of digital assets, as well as the businesses and service providers that leverage distributed ledger technology (DLT). According to Matthias Niedermüller, a lawyer who has worked closely on the proposed Blockchain Act both with businesses and the government, this is a realistic decision. “The Blockchain act provides for a comprehensive system for creation, storage and transfer of tokens along with the security for enforcement of the rights associated with every token and therefore creates an entire token economy”, he adds.

Liechtenstein’s role in global finance means there is already considerable overlap; existing regulation covers large swathes of the cryptocurrency sector’s activities. Liechtenstein’s Financial Market Authority (FMA) had already determined in September of last year that tokens sold in public sales already counted as financial instruments subject to existing regulation, especially in regards to security tokens. “The success of the Liechtenstein Blockchain Act, however, could form a role model on how to regulate the Blockchain business.” Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full

Crypto Media: What We’re Reading This Week

Mainstream media, financial bigwigs, and Congressman Brad Sherman never tire of eye-popping displays of moral sanctitude as they proclaim Bitcoin to be a digital pyramid scheme; the scam of the centur ... Read More

Can SpaceBit’s Blockchain Decentralize Space Exploration?

Until recently, it was only nations that had the resources for space exploration. In 1973 private space missions were simply unthinkable. Who would bankroll the $25.4bn it cost the United States to la ... Read More

What Is SNT? Introduction to Status

Ethereum’s blockchain hosts over 1700 decentralized applications, and it can be overwhelming to navigate them all. Status acts somewhat like Apple’s App Store and Google’s Play Store, but for Ethereum ... Read More

MultiVAC ICO Review and MTV Token Analysis

The post MultiVAC ICO Review and MTV Token Analysis appeared first on Crypto Briefing. ... Read More

Brave Browser Is Crypto’s Alternative To Chrome

Is your phone listening? Does Facebook know something you’ve never shared? Is the NSA monitoring your searches RIGHT NOW? The web is full of conspiracy-minded anecdotes of people finding themselves ta ... Read More