Fintech—Liechtenstein—Q&A guide

The following TMT practice note provides comprehensive and up to date legal information covering:

  • Fintech—Liechtenstein—Q&A guide
  • 1. What is the general state of fintech innovation in your jurisdiction?
  • 2. Do government bodies or regulators provide any support specific to financial innovation? If so, what are the key benefits of such support?
  • 3. Which bodies regulate the provision of fintech products and services?
  • 4. Which activities trigger a licensing requirement in your jurisdiction?
  • 5. Is consumer lending regulated in your jurisdiction?
  • 6. Are there restrictions on trading loans in the secondary market in your jurisdiction?
  • 7. Describe the regulatory regime for collective investment schemes and whether fintech companies providing alternative finance products or services would fall within its scope.
  • 8. Are managers of alternative investment funds regulated?
  • 9. Describe any specific regulation of peer-to-peer or marketplace lending in your jurisdiction.
  • More...

Fintech—Liechtenstein—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to fintech in Liechtenstein published as part of the Lexology Getting the Deal Through series by Law Business Research (published: June 2020).

Authors: NÄGELE Attorneys at Law—Thomas Nägele; Thomas Feldkircher

1. What is the general state of fintech innovation in your jurisdiction?

Many reputable players on the blockchain scene have come to Liechtenstein to establish businesses. For example, Yanislav Malahov (who was closely involved in the creation of Ethereum) has founded Aeternity – the first blockchain-based project in Liechtenstein with a market capitalisation of more than US$1 billion (on 8 May 2018, making it the first Liechtenstein blockchain unicorn). Ultimately, Aeternity is a project focused on smart contracts, allowing for the execution of credible transactions through blockchain technology without the help of third-party intermediaries.

Communications with the local regulator – the Financial Market Authority (FMA) – are efficient, as the FMA established its own fintech department in June 2018. Moreover, a ‘regulation laboratory’ has been established to further the proliferation of fintech businesses.

In addition to these local projects and advancements in favour of fintech innovation, the Law on Tokens and TT Service Providers (the Blockchain Act) came into force on 1 January 2020. In general, the government is open-minded when it comes to fintech projects. In addition, the Crypto Country Association has been founded, which deals with various topics

Popular documents