The principality of Liechtenstein provides the most welcoming environment on the planet for the entrepreneurs of the token economy. Thomas Nägele, managing partner at the Nägele law firm in Vaduz and a software developer as well as a lawyer, was a member of the government working party that drafted the Liechtenstein Trusted Technology Law (TVTG) or Blockchain Act.

He spoke to Future of Finance founder Dominic Hobson about the difficulties of capturing novel, technology-based concepts in law and implementing them in regulation, the need for forms of reintermediation as well as disintermediation in digital asset issuance and investing, and how Liechtenstein can capitalise on its leading position before the Markets in Crypto-Assets Regulation (MiCaR) of the European Union becomes part of the law of Europe.

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