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Liechtenstein's official post office offers bitcoin exchange services through a partnership with Swiss blockchain company Värdex Switzerland, a regulated payment service provider based in Switzerland.
The Liechtensteinische Post AG office in Vaduz – the capital of Liechtenstein – launched the cryptochange service on 15 February.
"Nothing is different from the traditional foreign exchange business, which has always been part of the Swiss Post's service offering. The customer receives a physical cryptowallet – which allows him, by means of public and private keys – the activation of the crypto-box on the network. "
After an introductory phase, customers will be able to exchange fiat currency in other encrypted currencies, including Ethereum, Litecoin, Bitcoin Cash and Ripple.
"A whole chip economy"
Liechtenstein may be tiny, but it far exceeds its weight clbad when it comes to bitcoin adoption. | Source: Shutterstock
Liechtenstein (population: 37,800) is one of the most encrypted countries in the world. In June 2018, Liechtenstein introduced the blockchain law.
The Blockchain law aims to make the 25-kilometer principality a cryptographic center for institutional investors. In Liechtenstein, a blockchain company can set up without opening a bank account. In addition, Bank Frick, the country's leading financial institution, accepts cryptography directly.
In February 2018, Crown Prince Alois told CNBC that he thought investing in Bitcoin would help his family restore their heritage. He also explores the use of the blockchain to manage the daily administration of the monarchy.
Bitcoin wars are heating up
In Europe, Asia and the United States, a cryptographic war threatens the dominance of the emerging digital economy.
In December 2018, two members of the French Parliament urged the government to invest up to 500 million euros in blockchain programs in order to make France a "blockchain nation".
To this end, deputies Jean-Michel Mis and Laure de La Raudière presented 20 proposals to promote the blockchain's adoption by the general public.
"2019 will be the year of blockchain in France," said Jean-Michel Mis. "This 10-year technology is moving from experimental to industrial implementation. The public will see the emergence of its uses in their daily lives. "
Similarly, Laure de La Raudière urged France to capitalize on technology before China and the United States beat them in the fist.
"France must have a conquering philosophy on this subject. I sound the alarm: it's time to invest. We must accelerate with French and European public funds. "
French pro-crypto MEPs want to invest 500 million euros to make France a "chain nation" (Blockchain Nation) https://t.co/H4gxrZQKKJJ
– CCN.com (@CryptoCoinsNews) December 13, 2018
US lawmakers push the crypto economy
In the United States, Congressmen Warren Davidson and Darren Soto introduced the Token Taxonomy Act in December 2018. The TTA is a bill to exempt cryptocurrencies and ICOs from US securities law.
Davidson said the "light" legislation would clarify the regulation of the cryptography market. It would also ensure that the United States remains competitive in the booming sector.
"We need a light regulatory framework that gives certainty to the ICO market," Davidson told CNBC in June 2018.
In a statement, Representative Warren Davidson said it was important to avoid overly restrictive laws that would inhibit innovation and put the US at a competitive disadvantage.
"In the early days of the Internet, Congress pbaded a law that provided security and resisted the temptation to overly regulate the market. Our intention is to achieve a similar victory for the US economy and for US leadership in this innovative space. "
"This bill offers the certainty that US markets must compete with Singapore, Switzerland and other countries that are aggressively developing their blockchain economy."
"Virtual currencies and underlying blockchain technology have a profound potential to be a driver of economic growth. That's why we need to make sure that the United States is at the forefront. "
Selected image in AP Photo / Gillian Flaccus, File
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