🇱🇮 Liechtenstein

Liechtenstein maintains a crypto-friendly regulatory environment under the EWR-MiCA-DG framework and the TVTG/Blockchain Act (2020). The Financial Market Authority (FMA) actively supervises the financial market to ensure stability and prevent abuse, but no specific new crypto regulations were detailed in the latest report.

Overview

Statuscrypto_friendly
Risk Score12/100 (Low Risk)
Regioneurope
CurrencyCHF
Adoption Rank#14

Tax Information

Capital Gains (Personal)0% for private investors (no capital gains tax on private wealth)
Capital Gains (Corporate)12.5% corporate tax
VAT on CryptoNo

Licensing & Registration

RequiredYes
RegulatorFMA
FrameworkEWR-MiCA-DG + TVTG/Blockchain Act (2020)
Easemedium
Cost (USD)$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.

Laws & Regulations

NameYearStatusScope
in_force
Liechtenstein Blockchain Act — regulates token service providers (TSPs) and trustworthy technology (TT) service providers under the FMA-LI. One of the world's first comprehensive token economy laws.
in_force
Liechtenstein is an EEA member; MiCA applies via EEA Agreement. CASPs operating in LI must comply with MiCA alongside TVTG.

Enforcement Activity

Level: Moderate

FMA has revoked registrations from TTSPs that failed to meet ongoing compliance requirements. The FMA maintains an updated registry of authorized providers.

AML / KYC

KYC RequiredYes
Travel RuleYes
FATF MemberNo
FATF Statusfsrb_only
FATF BodyMONEYVAL
Suspicious-Activity ReportingYes

DeFi, Stablecoins & NFTs

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.

Stablecoins

Status: regulated

Stablecoins are regulated under the MiCAR framework and Liechtenstein's Blockchain Act, with specific provisions for authorization and supervision of issuers.

NFTs

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.

Mining

LegalYes
Electricity Cost$0.14/kWh
Renewable Energy30%
Infrastructuregood

Mining is legal with moderate electricity costs and a significant share of renewables. Infrastructure quality supports crypto activities.

Geopolitical Risk

Stabilitystable
SanctionsNo
Corruption Index76/100
Banking Accessopen
Sanctions Program ActiveNo

Liechtenstein is politically stable with a strong rule of law, low corruption, and open banking access, making it favorable for crypto businesses.

Sources

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Last reviewed: 2026-04-24 · Data source: Soken Crypto Legal Map

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