The TVTG, or Token and VT Service Providers Act, is the blockchain law of Liechtenstein. It is a comprehensive legal framework that regulates blockchain-based businesses operating in Liechtenstein. The law provides a clear and transparent regulatory environment for token issuers, virtual asset service providers, and other entities involved in blockchain technology.
The TVTG aims to enhance investor protection, prevent money laundering and terrorist financing, and promote innovation in the blockchain industry. It sets out requirements for entities offering token-based services, such as initial coin offerings (ICOs), security token offerings (STOs), and virtual asset custody services.
Under the TVTG, token issuers must comply with certain disclosure and organizational requirements, and virtual asset service providers must obtain a license from the Financial Market Authority (FMA) of Liechtenstein. The law also introduces new rules for anti-money laundering and know-your-customer (KYC) procedures.
Overall, the TVTG establishes a legal framework that promotes the development and adoption of blockchain technology in Liechtenstein, while ensuring compliance with international regulatory standards.
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