DLT Pilot Regime In Liechtenstein

The Regulation on Markets in Crypto Assets (MiCAR) and the Regulation on a Pilot Project Regime for DLT-based Market Infrastructures (DLT Pilot Regime) form the core of the EU's Digital Finance Strategy.

On 02.06.2022, Regulation EU/2022/858 on the pilot scheme for market infrastructures based on distributed ledger technology ("DLT Regulation") was published. The regulation, which comes into force on March 23, 2023, creates an EU-wide regulatory sandbox regulation for a period of 6 years, which is intended to remove the current regulatory obstacles for DLT market infrastructures and enable the operation of DLT-based market infrastructures within a limited framework on a trial basis. This should enable the development potential of the new blockchain technology to be better exploited while at the same time complying with the requirements of transparency, investor protection and financial stability.