Liechtenstein maintains a crypto-friendly regulatory environment with clear licensing under the EU MiCAR framework and its own Blockchain Act (TVTG). The Financial Market Authority (FMA) actively supervises crypto-asset service providers and enforces regulations to protect customers and market stability.
| Status | crypto_friendly |
| Risk Score | 12/100 (Low Risk) |
| Region | europe |
| Currency | CHF |
| Adoption Rank | #14 |
| Capital Gains (Personal) | 0% for private investors (no capital gains tax on private wealth) |
| Capital Gains (Corporate) | 12.5% corporate tax |
| VAT on Crypto | No |
| Required | Yes |
| Regulator | FMA |
| Framework | EWR-MiCA-DG + TVTG/Blockchain Act (2020) |
| Ease | medium |
| Cost | $30,000 - $200,000 |
Licenses are issued under the EU MiCAR regulation and Liechtenstein's Blockchain Act, requiring authorization from the FMA for crypto-asset services such as safekeeping, exchange, and transfer.
Status: regulated
DeFi activities are subject to regulation under the MiCAR framework and Liechtenstein's Blockchain Act, ensuring compliance with AML and investor protection rules.
Status: regulated
Stablecoins are regulated under the MiCAR framework and Liechtenstein's Blockchain Act, with specific provisions for authorization and supervision of issuers.
Status: regulated
The TVTG's Token Container Model provides a comprehensive legal framework for all types of tokens, including NFTs. NFTs representing rights or assets are clearly addressed. This is one of the most NFT-accommodating frameworks globally.
| Legal | Yes |
| Electricity | $0.14/kWh |
| Renewable | 30% |
| Infrastructure | good |
Mining is legal with moderate electricity costs and a significant share of renewable energy. Infrastructure supports crypto activities well.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 75/100 |
| Banking Access | open |
Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map
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