Answer ... Liechtenstein’s favourable, company-friendly legislation has created a flexible environment that presents companies with abundant opportunities to grow. In relation to fintech specifically, the most noteworthy recent example is the Tokens and Trusted Technologies Service Provider Law (TTTL), which will provide a clear legal framework for players in this sector. This exemplifies the principality’s commitment to providing a secure and trustworthy space in which companies can thrive. Legal certainty is ‘pro-competitive’ in the sense that this should attract more fintech companies to Liechtenstein; and the attendant increase in competition should lead to more optimised solutions, while also developing a space in which know-how is pooled and shared to promote further growth.
With regard to competition specifically, the EU Unfair Commercial Practices Directive applies in Liechtenstein and has been implemented in the form of the Act on Unfair Competition.