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Liechtenstein’s Parliament Unanimously Approves New Blockchain Act

Published 10/05/2019, 05:37 PM
Updated 10/05/2019, 05:50 PM
Liechtenstein’s Parliament Unanimously Approves New Blockchain Act

Liechtenstein’s Parliament has unanimously passed the Act on Tokens and Entities Providing Services Based on Trusted Technologies (TVTG), also known as the Blockchain Act.

On Oct. 3, the Parliament of Liechtenstein approved the Blockchain Act, which aims to improve investor protection, combat money laundering and establish clarity. The new law will enter into force on Jan. 1, 2020. The parliament’s announcement claims that this act will make Liechtenstein the first country to have comprehensive regulation of the token economy.

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