Liechtenstein Parliament passes new blockchain bill

On October 6th, the Liechtenstein Parliament unanimously adopted the Trusted Technology-Based Token and Entity Services Act (TVTG), also known as the Blockchain Act. The bill aims to strengthen investor protection, combat money laundering and establish transparency. The new law will enter into force on January 1, 2020. The parliament’s statement said the bill would make Liechtenstein the first country to fully supervise the token economy.