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Articles

Liechtenstein to Enable New Law on Blockchain Technology

Written by: Bridgewest

Liechtenstein is one of the most appreciated financial centers in Europe thanks to the innovative solutions it has enabled for investors up to this moment. One of the best developments in the financial industry is related to the enabling of blockchain technology which can be used to create new solutions which can be implemented by Liechtenstein companies. Foreign investors can rely on our company formation agents in Liechtenstein if they want to set up businesses in the fintech sector.

Liechtenstein was commended for its innovative capacity

At the end of March, Liechtenstein organized the 4th Finance Forum, called Finance 2.0 which emphasized innovation in the financial sector and the future of this industry. According to the Principality’s prime minister, Liechtenstein is one of the most innovative economies from this point of view.

Part of this success was achieved thanks to the Swiss innovative background when it comes to financial technology, given the tight relation between the two countries. Also, the guests present at the meeting commended Liechtenstein for its capacity to innovate.

Enterprisers who want to take advantage of innovation in the Liechtenstein financial field can set up companies here with the help of our local consultants.

Liechtenstein relies on blockchain technology

Blockchain is the core of financial innovation all over the world, not only in Liechtenstein, but the government here wants to be among the first to create a legal framework which will complement the work based on this technology.

The new law should guarantee the security of an economy based on blockchain and will also promote innovation and new technologies.

The fields to be advantaged by the new law will be the ones which have already benefited from the current regulations, but asset and private wealth management will also be targeted.

The new legal framework should be ready in the next 2 years, but until then Liechtenstein can still improve the current financial system.

Liechtenstein is one of the most stable and attractive financial centers in Europe and foreign investors seeking for professionalism can open companies here with the help of our company registration advisors, so do not hesitate to contact us.

 

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