BEFORE LAUNCHING YOUR ICO/UTO YOU SHOULD CONSIDER AND GET AN OVERVIEW OF THE FMA’S REQUIREMENTS CONCERNING YOUR TOKEN, COMPANY STRUCTURE, TAX, MIGRATION, AND OTHER ISSUES.
INITIAL COIN OFFERING (TOKEN GENERATION EVENT) IN LIECHTENSTEIN AS A METHOD OF CROWDFUNDING IN OR THROUGH LIECHTENSTEIN DOES NOT REQUIRE A LICENSE PER SE.
BUT AN OFFICIAL AUTHORIZATION OR APPROVAL BY THE COMPETENT AUTHORITY (LIECHTENSTEIN FINANCIAL MARKET AUTHORITY, FMA) MUST BE OBTAINED. FMA’S FACT SHEETS ON ICO’S.
MOREOVER, THE FMA, LIKE THE SWISS FINANCIAL MARKET AUTHORITY FINMA IN ITS ICO GUIDELINES DIFFERENTIATES BETWEEN UTILITY TOKENS, SUCH AS THOSE GRANTING ACCESS TO SOFTWARE AND SECURITY TOKENS SIMILAR TO TRADITIONAL SECURITIES. THE LATTER ARE SUBJECT TO FINANCIAL MARKETS STATUTES.
UTILITY TOKEN OFFERING WILL NOT REQUIRE A LICENSE, WHICH TO BE CONFIRMED BY THE FMA.