The government of Liechtenstein approved the preparation of the bill on the tokens and service providers, VT, which is also called the “law of chain blocks”.
The bill is aimed at improving investor protection, the fight against money laundering and the establishment of legal certainty. He introduces the concept of tokens in the legal system of Liechtenstein and also contains provisions relating to the procedure for tokenization of real assets.
The Liechtenstein government believes that the new regulation will create an adequate regulatory environment that will counteract risk, ensure clarity of the regulation and will facilitate the development takenaway economy.
“Tokenization will create new opportunities in the areas of financial services, logistics, mobility, energy, industry and the media,” said the authors of the bill.
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