Lichtenstein is a small European country. The country has a balanced economy. Agriculture and high-end industry of example. It’s flourishing financial sector is likely to get another boost. Lichtenstein introduced blockchain legislation.
The law will become into effect in 2020 and will be a boost for the token economy. The introduction of the token economy will be just a boost fo the economy.
One of the problems for blockchain firms, or firms offering token services is that there are no regulations. This comes from the highly innovate point of it and now there is some regulatory.
Financial institutions are seeing new business development opportunities. The forward-thinking approach will mainly benefit the following fields:
- The introduction of blockchain banking,
- Deepening the blockchain banking industry in Lichtenstein,
- Value creation over all of the value chain,
What makes it more interesting is the fact that Lichtenstein is the first in the Blockchain regulation. So it is fair to say that Liechtenstein just made itself more attractive as a financial center.