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Liechtenstein Crypto Licensing: MiCA (EEA)

In force / passed In force / passed: 1 Jul 2026 (transition ends)

Regulator
Finanzmarktaufsicht Liechtenstein (FMA)
Legal basis
MiCA · EWR-MiCA-Durchführungsgesetz (EWR-MiCA-DG)
FMA · MiCAR
ESMA · Competent authorities under Art. 93 MiCA (updated 17 Feb 2026)
Official register
ESMA interim MiCA register (CASPS.csv) · Format: CSV

What Is Changing

Liechtenstein applied MiCA early through the EEA MiCA Implementation Act, in force since 1 February 2025. TT service providers registered under the Token and TT Service Provider Act (TVTG) could keep operating under the TVTG until the end of the transitional period on 1 July 2026. ESMA's Article 93 list marks the FMA's designation as not yet formal (list updated 17 February 2026).

The figures below count entries in ESMA's interim MiCA register with Liechtenstein as home state, and entries passporting into Liechtenstein.

ESMA Interim MiCA Register: Entries by Home Member State

ESMA interim MiCA register: entries by home member stateGermany (DE)109France (FR)36Netherlands (NL)29Cyprus (CY)25Malta (MT)23Spain (ES)16Luxembourg (LU)13Latvia (LV)12Liechtenstein (LI)12Ireland (IE)12Czechia (CZ)12Austria (AT)12Italy (IT)10Denmark (DK)7Slovakia (SK)6Norway (NO)6Lithuania (LT)6Croatia (HR)6Slovenia (SI)5Finland (FI)5Bulgaria (BG)5Greece (GR)4Estonia (EE)3Belgium (BE)2Sweden (SE)1Portugal (PT)1Iceland (IS)1Hungary (HU)0Poland (PL)0Romania (RO)0
Source: ESMA interim MiCA register, CASPS.csv (file last updated 15 Oct 2026; downloaded 21 Oct 2026). Counts are rows: one row per entity (Article 63 authorisation or Article 60 notification). CASPS.csv

Timeline

  1. in force

    The EEA MiCA Implementation Act (EWR-MiCA-DG) enters into force; MiCA applies in Liechtenstein.

    Sources: FMA · MiCAR official

  2. transition ends

    End of the transitional period for TT service providers registered under the TVTG whose business now falls under MiCA.

    Sources: FMA · MiCAR official · ESMA · List of grandfathering periods (Art. 143(3) MiCA) official

A company-level tracker for Liechtenstein is in preparation. This page covers the rules and dates only. CSV

Cite This

VASP Tracker, “Liechtenstein crypto licensing: MiCA (EEA)”, https://vasptracker.com/en/li/ (21 Oct 2026), CC BY 4.0.