All marketsOperatorsCurrencies
Markets · Liechtenstein
Public register, read

Tokenization & crypto licensing in Liechtenstein

1 official register read, 42 entries from Finanzmarktaufsicht Liechtenstein. 32 instruments from here are in our catalogue.

Buying crypto in Liechtenstein: what to know

Legal

Deutsch

Who regulates
  • Finanzmarktaufsicht Liechtenstein (FMA) — Competent authority under MiCAR (Art. 20 EWR-MiCA-DG); authorises crypto-asset service providers and registers TT service providers under the TVTG
  • Steuerverwaltung (Liechtenstein Tax Administration) — Tax authority; receives and exchanges crypto-asset reporting under the CARF-Gesetz
Licensing of providers
MiCAR was incorporated into the EEA Agreement on 24 Jun 2025 and applies directly in Liechtenstein. The national EWR-MiCA-Durchführungsgesetz (LGBl. 2025 Nr. 112) entered into force on 1 Feb 2025 and names the FMA as competent authority. Crypto-asset service providers need FMA authorisation under Art. 63 MiCAR (Art. 60 for banks and other financial entities). The transition period for providers registered under the TVTG (Token- und VT-Dienstleister-Gesetz, in force since 1 Jan 2020) ended on 1 Jul 2026; their TVTG registrations for MiCAR activities expired on 2 Jul 2026. The TVTG still applies where MiCAR does not, e.g. some non-fungible tokens. Official register of providers ↗
Tax

Private crypto gains are not taxed. Instead, holdings count as wealth: 4% of your net wealth is added to taxable income as a deemed yield (Sollertrag) and taxed at progressive rates.

Gains: 0% on private capital gains; holdings taxed via a 4% Sollertrag added to income

Tax authority: llv.li ↗

Full tax page, incl. tokenized stocks and funds →

Reporting
Individuals declare crypto holdings in the annual tax return. Under the CARF-Gesetz (LGBl. 2025 Nr. 589) and CARF-Verordnung, both in force since 1 Jan 2026, crypto service providers report customer transactions to the Steuerverwaltung for automatic exchange with partner states (CARF MCAA in force for Liechtenstein 1 Jan 2026). An amending protocol to the Liechtenstein-EU automatic exchange agreement, also in force 1 Jan 2026, aligns this with the EU framework.
Stablecoins
MiCAR rules for e-money tokens and asset-referenced tokens apply. On 23 Oct 2026 the FMA relayed an ESMA opinion: CASPs should stop services for stablecoins that do not comply with MiCAR, block new purchases, and settle existing positions by 8 Jan 2027.
Watch out
  • Since 2 Jul 2026 a TVTG registration alone no longer covers MiCAR services; check the FMA register or the ESMA MiCA register for an authorisation.
  • Declare crypto at its CHF value on 1 January; it raises your Sollertrag even if you never sell.
  • Non-MiCAR-compliant stablecoins are being wound down on EEA platforms until 8 Jan 2027.

Checked 2026-11-05 · Confidence: high · Sources: [1][2][3][4][5][6][7][8][9][10][11][12][13][14]

Not confirmed: A Steuerverwaltung statement specifically saying private crypto gains are tax-free (only the general SteG exemption and the Wegleitung on declaring crypto were found) · Treatment of professional/commercial crypto trading, staking or mining income · Whether DAC8 itself applies to Liechtenstein via the EEA (only CARF and the LI-EU AEOI protocol were confirmed) · First CARF data exchange year (2027, search results only) · Whether the FMA register lists all MiCAR CASPs or only some institution types

Compiled to the best of our knowledge from the sources linked. Information, not tax or legal advice. Rules change — check the linked official sources before acting.

Found an error or something out of date? Tell us at [email protected] — we check and correct it.

Providers

Who offers tokenization and crypto services in Liechtenstein

Crypto-asset service providers (VASPs/CASPs) in Liechtenstein are registered with the Finanzmarktaufsicht Liechtenstein (FMA). Its register „FMA-Register: TT service providers under the TVTG (token issuers, token generators, TT custodians, exchanges …)“ lists 42 companies (read 2026-10-14). The conditions for registering are set by the authority — its own list is the source.

  • abpay GmbH
  • Bank Frick AG
  • Bitclear Aktiengesellschaft
  • Bitcoin Suisse (Europe) AG
  • Bittrex Global GmbH in Liquidation
  • Blockchain Büro Anstalt
  • Blueboard International AG in Liquidation
  • Bridgetree Technology Services AG
  • Calidris Fintech AG
  • CONFERO EUROPE AG
  • Constellation Technologies AG
  • Copper Markets (Liechtenstein) AG
  • CorPa Blockchain AG
  • CorPa Treuhand Aktiengesellschaft
  • Crowdlitoken AG
  • + 27 more in the register below

Where are crypto companies and VASPs registered in Liechtenstein?

With the Finanzmarktaufsicht Liechtenstein (FMA). Its register “FMA-Register: TT service providers under the TVTG (token issuers, token generators, TT custodians, exchanges …)” lists 42 companies (read 2026-10-14), for example abpay GmbH, Bank Frick AG, Bitclear Aktiengesellschaft, Bitcoin Suisse (Europe) AG. The requirements for registering are set by the authority; its own list is the source: https://ws-api.llv.li/fire-wsapi/api/v1/search?query=&registerNumber=&category=&searchType=&law=16&sortColumn=name&ascending=true

Official registers

What the authorities publish — and what we read

Status: Public register, read. Every address below was loaded, not guessed. A register entry records that an authority licensed, registered or approved something; it says nothing about whether you may or should buy it.

AuthorityRegisterFinding
FMA Liechtenstein – TVTG (Token- und VT-Dienstleister-Gesetz) registerFMA-Register: VT-Dienstleister (TVTG) – incl. Token-Emittent (Art. 12 Abs. 1/2), Token-Erzeuger, Tokenisierungsdienstleister, VT-Handelsplattformbetreiber, VT-Verwahrer etc.Public register, read

FMA-Register: TT service providers under the TVTG (token issuers, token generators, TT custodians, exchanges …)

Licensed or registered providers · 42 entries · 16 marked “active”, listed first

Finanzmarktaufsicht Liechtenstein (FMA) · source · read 2026-10-14

Register no.ActiveName
36112092✓Bitcoin Suisse (Europe) AG
36112098✓CONFERO EUROPE AG
36112110✓Copper Markets (Liechtenstein) AG
36112106✓CorPa Blockchain AG
36111745✓CorPa Treuhand Aktiengesellschaft
36112080✓Equanimity AG
36112102✓Floin AG
36112103✓Kaiser Partner Privatbank AG
36112109✓Keyrock (LI) AG
36112075✓LCX AG
36112086✓Lirium AG
36112090✓Mimo Capital AG
36111975✓Salus Alpha Financial Services (Europe) GmbH
36112078✓SMART VALOR AG
36111981✓Sygnum Europe AG
36112089✓VNX Commodities AG
36112084abpay GmbH
36112074Bank Frick AG
36112082Bitclear Aktiengesellschaft
36112085Bittrex Global GmbH in Liquidation
36112093Blockchain Büro Anstalt
36112088Blueboard International AG in Liquidation
36112100Bridgetree Technology Services AG
36112087Calidris Fintech AG
36112111Constellation Technologies AG
36112076Crowdlitoken AG
36112108EUI AG
36112079Finetoken AG in Liquidation
36111853Ganten Treuhand AG
36112094Golden Share Company AG
36112104Honesto AG
36112081INVAO Trading AG
36112099Leandro Lopes AG
36112096LGT Bank AG
36112095MP Services AG iL
36112077Neon Exchange AG
36112105Neue Bank AG
36112083Nomisma (Liechtenstein) AG in Liquidation
36112101Paymonade AG
36112107Payzilla International AG iL
36112091VP Bank AG
36112097XDCTEQ AG iL

In our catalogue: 32 instruments from Liechtenstein

32 live.

← All markets
Asset tokenization & VASP registration in Liechtenstein — official registers | TokenBank