The Blockchain Act regulates all activities enabled by blockchains and distributed ledgers, providing legal certainty for users, startups, and businesses.

On 03.10.2019, the Liechtenstein Parliament passed the Token and TT Service Provider Act (TVTG), which means that the law can enter into force on January 1, 2020.

With the TVTG in place,

Liechtenstein becomes the first country to have a comprehensive regulation of the token economy.

On the one hand, the law regulates civil law issues in relation to client and asset protection. On the other hand, it establishes adequate supervision of the various service providers in the token economy. In addition, there are measures to combat money laundering by making service providers subject to AML/CFT rules. Finally, the law provides clarity with regard to digital securities, enabling

With the TVTG, an essential element of the government’s financial market strategy will be implemented and Liechtenstein will be positioned as an innovative and legally secure location for providers in the token economy. [Adrian Hasler, Liechtenstein’s Prime Minister]

Key Elements of the Blockchain Act

The Blockchain Act regulates the token economy by providing legal basis for: