Liechtenstein cooperating with EU on blockchain

The European Blockchain Partnership was created by the EU in April 2018. It provides a platform for collaboration between European blockchain experts. The EU’s aim is to play a pioneering role in the area of blockchain. On 1 February, ambassador Sabine Monauni signed the European Blockchain Partnership in Brussels as a representative of Liechtenstein. The government reported in a press release that Liechtenstein wants to play an active role in discussions about the use of blockchain technology at European level. It believes that this technology offers “great potential for a digital Europe”. Liechtenstein will work towards creating a framework in order to provide the “best-possible legal security and at the same time promote innovation”. The Liechtenstein Blockchain Act, currently in the consultation process, also includes “interesting proposed solutions” for a Europe-wide approach.