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Copper Technologies, one of the UK’s leading cryptocurrency custody companies, has secured a license from the Liechtenstein Financial Market Authority (FMA), an important step towards making digital asset services more accessible and secure, while also opening up new opportunities for international investors.
Liechtenstein: A Friendly Environment for Cryptocurrencies
Liechtenstein, a small principality in Central Europe, has long been known for its friendly approach to technological and financial innovation. As Amar Kuchinad, CEO of Copper Technologies, points out, the country offers a unique combination of favorable laws and favorable tax rates, making it an ideal place for cryptocurrency companies to thrive.
According to FMA data, there are currently over 4300 blockchain and cryptocurrency-related companies operating in Liechtenstein. These include cryptocurrency exchanges, blockchain startups, and crowdfunding platforms. As a member of the European Economic Area (EEA), Liechtenstein enjoys the free movement of people and capital between its territory and the European Union, while maintaining independence in adapting some EU regulations, such as MiCA (Market in Crypto-Assets Regulation).
What does the FMA license mean for Copper Technologies?
Obtaining the FMA license allows Copper Technologies to offer cryptocurrency storage services with the guarantee of compliance with Liechtenstein regulations. This is important not only for local customers, but also for international users who are looking for safe and legal solutions in the cryptocurrency space.
It is worth mentioning that Liechtenstein has already surprised with its innovative approach. For example, residents of the country can make payments using bitcoin and ether in transactions with public institutions. This is a pioneering step that confirms the principality's openness to cryptocurrency innovations.
Why is Liechtenstein an attractive destination for cryptocurrency companies?
Several factors make Liechtenstein one of the most attractive locations for digital asset companies:
- Flexible adjustments: Although Liechtenstein cooperates with the European Union, some regulations, such as MiCA, are adapted in a way that favours local interests.
- Economic stability: The country enjoys a reputation as one of the most economically stable places in Europe.
- Low taxes: Favorable tax rates attract international companies and investors.
- Innovative infrastructure: Extensive technological ecosystem and support for blockchain solutions.
Copper Technologies: A Step Into the Future
With the FMA license, Copper Technologies strengthens its position in the global cryptocurrency market. The company, known for its technologically advanced solutions, such as multi-signature crypto wallets, gains the opportunity to offer its services in an even more friendly legal environment.
Should I invest in Copper Technologies?
The decision for Copper Technologies to enter Liechtenstein is a well-considered move that could attract a significant number of customers. However, it is worth remembering that the cryptocurrency market is characterized by high volatility and risk. Potential investors should carefully consider their goals and risk tolerance before deciding to engage in digital assets.
As the famous economist John Maynard Keynes said: “The hardest thing about investing is avoiding the mistakes others have made.” In the case of Copper Technologies, it will be crucial to monitor the company’s further development and the impact of new regulations on its operations.
Technical data and links
- Copper Technologies: Official website
- FMA Liechtenstein: Information about regulations
Liechtenstein shows how a combination of regulatory flexibility and technological innovation can transform a small country into a global leader in the cryptocurrency industry. It’s a place worth keeping on your radar if you’re looking for future investment destinations.
