Investors in crypto industry who are facing the uncertain regularity environment elsewhere in the world now have a choice in Liechtenstein.
Liechtenstein has a strong financial market and is a tax haven in Europe. From being one of the poorest countries in the world just after the end of the wor in Europe, it has now become one of the wealthiest countries in the world.
The already crypto-friendly country in Europe just passed the 'Token and Trustworthy Technology Service Providers Act' (TTTSP) which provides for a comprehensive regulatory framework, probably the first of its kind in the world. The TTTSP Act, also known as the Blockchain Act allows rights and assets to be tokenized and consist of a collection of news rules and amendments to the existing laws.
With this move, the government of Liechtenstein has positioned itself as an innovative and secure country for providers in the crypto industry and is likely to attract many crypto companies to its territory from now on.
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