Firstly, we would like to give special thanks to the University of Liechtenstein for hosting a wonderful event surrounding how digitalization will shape the future of finance and law.
Making it clear that Liechtenstein is a jurisdiction focused on responsible embrace of these new technologies, we heard speeches from the likes of Prime Minister Adrian Hasler, as well as His Serene Highness Prince Michael of Liechtenstein both explaining how Liechtenstein has put itself in a favorable position for enabling these new technologies to flourish in a manner that benefits the country.
Presentations focused on EU fintech law & regulations, the economics of digital capital, the use of augmented reality, digital transformation of financial services, data protection, cloud computing, digital payment applications, cybercrime, the dark side of digitalization, banks cooperating with fintechs, crypto valley's expansion in Liechtenstein, the Liechtenstein Blockchain Act, and current governmental developments in Liechtenstein. Hearing from speakers from various disciplines, the event focused not only on the benefits of digitalization, but also took into consideration the "darker" uses of these new technologies.
Overall, it was a refreshing day, hearing a comprehensive breakdown of how these new digital systems have the potential to transform Liechtenstein as a jurisdiction, as well as the financial and legal systems in the world as a whole. We look forward to eventual passage of the Blockchain Act, as well as other steps towards embracing digitalization, that continue to advance Liechtenstein's position as a fintech favorable jurisdiction.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.