MiCA applies through the EEA and its authorisations are counted with the European Union; the Token Act registers what MiCA does not cover. This page sets out the authorisations a stablecoin business needs in Liechtenstein, who grants each one and what it covers, alongside how many companies hold them today. The figures come from the registers Anvesan reads and are updated as those registers change.
Authorisations in Liechtenstein, as at 21 September 2026
Authorisations104across 1 licence families
Licensed34of 104 authorisations
In the pipeline0No live applications
Ended70Refused, withdrawn or lapsed
Authorisations by licence
Liechtenstein TVTG registration100%104
These 104 authorisations belong to 37 companies. The company-level records are in Atlas Pro.
What those authorisations permit
Moving value for clients23
Scope not stated in the licence81
One authorisation can cover several activities, so these figures overlap.
The licences: who grants them, how long, what they cost
The statutory clock is the formal decision period, where the regulator publishes one. “Observed” is the real-world timeline reported by applicants, not a figure the regulator sets. Capital is the regulatory minimum, not legal or advisory fees. Where a figure is not yet available, we show “Unavailable”; where one exists but Anvesan has not verified it, we show “Not sourced”.
The Atlas column maps a licence to a tracked licence family only where the two are the same thing. Where they are not, it reads Not mapped, and the family counts are in Authorisations by licence above.
Liechtenstein TVTG registration
104 in the Atlas
Who grants it
Financial Market Authority Liechtenstein (FMA)
What triggers it
Held for moving value for clients, by the permissions recorded on the authorisations themselves.
Legal basis
Token and TT Service Provider Act (TVTG)
Statutory clockNot sourced
Anvesan has not verified this for this regime yet. It is added when it is.
What it takes in practiceNot sourced
Anvesan has not verified this for this regime yet. It is added when it is.
Capital requirement
Not sourced
Application feeNot sourced
What to watch
Regulatory changes only: what is being decided, by whom, and when. Company-level licence changes are tracked in Atlas Pro.
Questions this page answers
How many companies hold a stablecoin-related licence in Liechtenstein?
Atlas tracks 104 authorisations across 37 companies in Liechtenstein, read from official registers and checked on 21 September 2026. Of those, 34 are licensed, 0 are in the pipeline, and 70 have ended.
Who regulates stablecoins in Liechtenstein?
Financial Market Authority Liechtenstein (FMA). The framework is MiCA, through the EEA, and the Token and TT Service Provider Act (TVTG).
What licence does a stablecoin business need in Liechtenstein?
This page lists one authorisation, with the regulator that grants it and what triggers the requirement.
How long does a licence take in Liechtenstein, and what capital does it need?
Anvesan has not verified decision timelines or capital thresholds for Liechtenstein yet, so this page does not publish them. It publishes no figure it cannot cite.
How these numbers are made
Registers read
The official registers used for this regime, named in the Registers read line. Where a public register does not provide a record, the source is identified separately.
Cadence
Checked daily. Changes are recorded when they appear in the register, together with the date they were seen. Last checked 21 September 2026.
Licence detail reviewed
23 September 2026. Counts are refreshed daily. Licence terms, timelines and capital thresholds are reviewed separately because they come from the underlying rules rather than the register.
Known gap
“Unavailable” means the figure does not yet exist or has not been published. “Not sourced” means the figure exists but Anvesan has not yet verified it. Neither is estimated.