Reduction of barriers to entering the Liechtenstein financial centre for FinTechs

The Liechtenstein Government adopted a consultation report on amendments to the Banking Act and the Financial Market Authority Act. The primary aim is to enable the Financial Market Authority to adjust the minimum capital of banks and investment firms to their respective risk profile. In doing so, the Government aims to enhance the attractiveness of the Liechtenstein financial centre for the international FinTech industry. The new capital requirements fall within the European regulatory framework, guaranteeing access to the European Economic Area.

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