Liechtenstein’s Blockchain Act

The Liechtenstein’s Blockchain Act is one of the first quality laws in the crypto space, which entered into force on  January 1, 2020. The law’s objective was to create an optimal, innovation-friendly, and technology-neutral framework for rendering services on distributed ledgers. The Act covers civil law questions regarding tokens, the representation of rights via tokens, and the transfer of tokens. It also established supervision mechanisms, and clarified the rights and obligations of distributive ledger service providers.