Copper Technologies Receives Cryptocurrency Custody License in Liechtenstein

British company Copper Technologies has received a license from the Financial Market Authority of Liechtenstein (FMA) to provide digital asset custody services. This decision opens up the company’s access to the cryptocurrency services market in a jurisdiction known for its low taxes and flexible regulation.

Liechtenstein: A Key Jurisdiction for the Crypto Business

The Principality of Liechtenstein, a member of the European Economic Area (EEA), is actively developing the cryptocurrency industry. More than 4,300 companies, including crypto exchanges and blockchain startups, are registered here. Despite its ties to the EU, Liechtenstein maintains independence in implementing European directives, including MiCA, adapting them to its national interests.

Liechtenstein citizens can use cryptocurrencies such as Bitcoin and Ethereum for transactions with government authorities, highlighting the high level of integration of digital assets into the country’s economy.

Importance for Copper Technologies

The license in Liechtenstein strengthens Copper Technologies’ position in the European market, allowing it to offer reliable digital asset custody services.