• Government services payable in bitcoin
• Exchange in fiat currencies
• Cryptocurrencies are not held
As early as 2019, the small principality on the edge of Europe proved its crypto-friendliness with its “Liechtenstein Blockchain Act” and was one of the few countries in the world to introduce extensive crypto regulation. Together with Switzerland, with which Liechtenstein also shares the national currency, the Swiss franc, Liechtenstein is considered an important crypto-financial center in Europe. Numerous blockchain companies have settled in Liechtenstein in recent years as government regulation creates a secure legal framework for the legal tokenization of assets.
Advertising
Trade Bitcoin and other cryptos via CFD (also with leverage)
At Plus500 you can benefit from rising and falling crypto prices – also with leverage. Test the free demo account now!
Plus500: Please note the Hints5 to this advertisement.
In the near future, Liechtenstein citizens will also be able to pay for government services in Bitcoin. This was expressed by Prime Minister and Finance Minister Daniel Risch to the Handelsblatt. In an interview, Risch emphasized that although cryptocurrencies are currently still too risky, the assessment could change. Government plans to accept Bitcoin deposits and immediately convert them to Swiss francs are in the making. However, due to the volatility, they generally want Bitcoin, Ethereum
and Co. do not hold, but exchange directly in Fiat currencies.
Without giving a specific time frame, the head of government said: “A payment option with Bitcoin will come.”
Editorial office finanzen.net
Image sources: tungtaechit / Shutterstock, 3Dsculptor / Shutterstock.com