Liechtenstein operates as a leader in digital asset regulation with a sophisticated dual-regime framework combining the technology-neutral TVTG (2020) with MiCA (implemented February 2025). The TVTG pioneered comprehensive token economy regulation globally through its Token Container Model, providing civil law certainty for digital asset ownership, transfer, and enforcement. This framework was augmented by MiCA implementation, which harmonized stablecoin regulation with EU standards while preserving TVTG for non-MiCA-regulated tokens such as certain NFTs.
Applicable Laws:
Token and Trusted Technology Service Provider Act (TVTG, “Blockchain Act”) - https://www.fma-li.li/en/supervision-regulation/fintech/tvtg
