Fineqia International Inc. announced the setup of a wholly owned subsidiary Fineqia AG in Liechtenstein to pursue business on the European continent. The Company also announces a new corporate website to better reflect its business. The new entity enables Fineqia to expand its business in the European Economic Area (EEA), in which Liechtenstein is a member.

The country has created laws compatible with the European Union (EU) directives and regulations, enabling locally domiciled businesses to operate across various EU financial markets. The Principality of Liechtenstein was one of the first countries in the world to provide regulation of the digital asset industry with the Blockchain Act in Jan. 2020.

The law provides business with regulatory and legal clarity about blockchain related services, tokenisation of assets and rights including the classification of tokens based on the rights held in them such as utility, security or payment tokens. It also stipulates information requirements for public offerings. Liechtenstein scored highest for two years in a row in a global ranking by PricewaterhouseCoopers (PwC), an audit and consulting firm, that rated the comprehensiveness of tax guidance for cryptocurrencies in each country.

PWC evaluated countries on 19 factors to determine the comprehensiveness of their policies on digital assets and transactions including taxation of mining, staking and NFTs.