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Matrix / Liechtenstein

🇱🇮 Liechtenstein

Small EEA jurisdiction with a pre-existing blockchain law (TVTG) now layered under MiCA, attracting private banks and institutional crypto players.

Crypto (CASP) E-Money (EMI)
Last verified 2026-07-02 Next review 2026-07-16

Data verified: oldest cell 1 day ago (verified 2026-07-02). Individual cells show their own verification date below.

Licence type

E-money institution licence under the E-Geldgesetz (EGG, E-Money Act of 17 March 2011), Liechtenstein's EMD2 transposition; FMA-Guidance 2018/18 sets out the licensing process

Verified 2026-07-02 Source: FMA-Guidance 2018/18: https://www.fma-li.li/fma-li/documents/rechtsgrundlagen/en/fma-guidance-2018-18.pdf ; Gesetze.li EGG: https://www.gesetze.li/konso/pdf/2011151000?version=15

Regulator

Financial Market Authority Liechtenstein (Finanzmarktaufsicht, FMA)

Verified 2026-07-02 Source: FMA Liechtenstein: https://www.fma-li.li/en/financial-intermediaries/financial-institutions-division/e-money-institutions

Capital requirement 🔒

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Timeline to authorisation 🔒

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Application cost 🔒

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Ongoing cost 🔒

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Passporting 🔒

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EMIs authorised 🔒

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Key restrictions 🔒

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Safeguarding 🔒

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Recent changes

PSD3 and the PSR will merge the payment institution and EMI regimes into one licence that can issue e-money. Final texts published 23 April 2026, applicability targeted around 2028; existing EMIs are grandfathered but must update their file.

Verified 2026-07-02 Source: EU

Difficulty rating 🔒

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Informational only, not legal advice. Entries marked as placeholder or awaiting verification must not be relied on. Confirm all requirements with Liechtenstein's regulator and qualified local counsel before acting.