What is so special about the Liechtenstein Blockchain Act?

The Token and TT Service Provider Act (TVTG), also known as the “Blockchain Act”, is not only a practical regulation that creates legal certainty for all parties involved, but also forms the basis for the use of blockchain technology in the entire financial and real economy. In 2020, Liechtenstein became the first country in the world to introduce a comprehensive framework law with the Blockchain Act, which provides a broad, technology-neutral approach to regulating the entire token economy. Among other things, the TVTG has served as a model for the Markets in Crypto-assets Regulation (MiCAR) currently in force in the EEA.

For further information: TVTG | Lilex – Legal database of the Principality of Liechtenstein