Post AG, the country’s official postal service, plans to offer exchange services at their physical locations, according to published on Feb. 14.
The postal service will allow to exchange their fiat to () in one of its offices in Vaduz, the country’s capital, starting on Feb. 15. After purchasing , the will get a physical generating public and private keys.
Later, the service will likely be extended to other post offices all over the country, the announcement notes. Moreover, the postal service wants to add support for other coins, including (), (), Cash () and ().
To introduce the service, Liechtenstein’s post has partnered with Värdex Suisse AG — a financially regulated and service provider. The press releases states that crypto exchange services are nothing different from conventional money exchange businesses.
Switzerland and Liechtenstein are among the countries with the highest level of crypto in the world. Liechtenstein introduced its crypto legislation in early 2018, when prime minister Adrian Hasler that the country will regulate business models and underlying systems.
The number of startups in the two countries has also been despite the crypto winter and prolonged bear market. In December 2018, there were 750 companies in the two countries using distributed technology, which is a 20 percent increase over the past year, consisting of 121 new companies entering the space.
Moreover, the top-50 startups located in the Swiss hub account for a fifth of the global crypto market, to crypto investment firm CV VC.
Published at Sat, 16 Feb 2019 10:50:51 +0000
