MiCA (Markets in Crypto-Assets) and TVTG (Token and VT Service Providers Act) are two major crypto regulations — one at the European level, and one nationally in Liechtenstein. Together, they form a solid legal foundation for blockchain businesses and users in the region.
While both laws serve to regulate the crypto economy, they approach it from different levels and with slightly different scopes. Let’s explore how they interact and why this matters — especially if you’re using a regulated platform like Floin.
MiCA: The EU-Wide Framework
MiCA is the European Union’s first comprehensive crypto regulation. It applies to all EU member states and introduces standardized rules for:
- Issuing crypto assets (ARTs, EMTs, Utility Tokens)
- Operating crypto services (trading, custody, portfolio management)
- AML compliance and consumer protection
MiCA goes live in two stages in 2024 and creates a harmonized market for crypto across the EU.
TVTG: Liechtenstein’s Blockchain Law
TVTG is the national regulation for Liechtenstein and has been in effect since January 2020. It offers a legal foundation for all token-related activities, including token issuance, wallet services, trading platforms, and verification services.
Key features of TVTG include:
- Legal definition of tokens as containers of rights
- Introduction of “VT systems” (blockchain & related tech)
- Mandatory registration with the Financial Market Authority (FMA)
- Support for a token economy beyond just cryptocurrencies
TVTG is highly innovation-friendly and technology-neutral — and fully compatible with MiCA.
How do MiCA and TVTG complement each other?
- TVTG already fulfills many MiCA requirements — for example around registration, KYC, and disclosure obligations.
- MiCA will gradually override national rules where applicable, but Liechtenstein’s framework remains relevant — especially for legal clarity on token rights.
- For users and providers, the combination ensures full compliance at both national and EU levels.
Floin Insight
Floin is fully compliant with both the TVTG and the upcoming MiCA regulation. As a licensed VASP in Liechtenstein, we offer a legal setup that is already aligned with future EU standards — ensuring a safe, compliant, and future-proof experience for all our users.
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