Liechtenstein

As the world becomes increasingly digital, the financial institutions we are used to having to adjust and turn to innovations. While some of them are exploring the possibility of developing and launching their own digital currency, others are looking to take advantage of the existing technologies such as stablecoins.

Despite being small in size, Liechtenstein is actively exploring and developing its blockchain and cryptocurrency industry.

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.

Valartis Bank Liechtenstein is reported to have been attacked by hackers demanding a ransom in Bitcoins.