Liechtenstein's Union Bank is making use of the principality's Blockchain-friendly regulations to make sure that it issues its own security tokens, privately followed by the setting up of a fiat-backed cryptocurrency.
Welcome back to Coin Idol TV News channel. Digest on April 9 features the following topics from the world of Blockchain and cryptocurrency: Liechtenstein plans to incorporate new cryptocurrency friendly regulations, while India forbids any kind of regulated entity to deal with crypto coins.
Liechtenstein Prime Minister Adrian Hasler has proposed in his speech at a Finance Forum last month to adopt “The Blockchain Act” in order to not only regulate the tax, spending, and issuance of digital currency but also to create advantageous conditions for new fintech businesses.
In a surprising move, Liechtenstein’s Bank Frick announced in a press release that it now offers “direct investment” and cold storage for these five cryptocurrencies: Bitcoin, Bitcoin Cash, Litecoin, Ripple, and Ether.