Liechtenstein Financial News

Switzerland and Liechtenstein’s crypto projects value surged by 107% year-over-year to $382.93 billion, led by Ethereum, amidst broader market recovery and innovation.

Prime Minister Narendra Modi on Wednesday inaugurated the 10th Edition of Vibrant Gujarat in state capital Gandhinagar. Several heads of states and top industry captains attended the inauguration ceremony.  Amid high-pitched investments, we spoke with Finland’s Ambassador to India Kimmo Lähdevirta. Since January 1 this year, those who are interested in travelling to Finland and requiring a Schengen visa, will now need to provide details of more funds to qualify. 

Finland will have to show more funds in thei bank accouts to be eligible for a Schengen visa. Effective from the new year, the Ministry for Foreign Affairs in Finland has implemented new regulations impacting short-stay travelers requiring Schengen visas. Travelers will now have to show a minimum of 50 euros for each day spent in Finland, marking an increase of 20 euros from the previous requirement. This 66% hike comes in response to escalating living costs, the ministry said. A Schengen visa serves as an entry permit for short-term or temporary visits, granting individuals access to travel within the Schengen area, encompassing multiple European countries. Along with the increased financial requirement, Finland has introduced a new proof of sponsorship or accommodation scheme. This initiative allows visa applicants to use the financial resources of their hosts in Finland to meet the stipulated funds requirement. Under this arrangement, hosts are required to complete the sponsorship form, which the visa applicant must include along with the rest of the application. This provision aims to enhance the transparency and accountability of financial arrangements for those seeking short-term stays in Finland.

Scotch whisky and electric vehicles and mobility of skilled workers are yet to be resolved in the proposed trade pact between India and the UK, and are likely to be taken up in the next round of talks in January, an official said on Friday. India is also considering discussing longer transition period and tax restoration for its exporters once the UK's carbon border tax on imported goods kicks in from 2027, as part of the trade pact. Yet, New Delhi remains hopeful of closing three trade pacts — with the UK, Oman and the European Free Trade Association (EFTA) — early next year, the official said. Iceland, Liechtenstein, Norway, and Switzerland comprise the EFTA. In the negotiations with the UK, the two sides have resolved most of the issues related to rules of origin and intellectual property rights chapters, the official said. The pact has 26 chapters. The UK's demand for liberalisation of norms in services sectors like banking, insurance, and legal, and India's ask for easy movement of professionals are some of the unresolved issues.

As the days of 2023 wind down, FixedFloat, the leading non-custodial automated exchanger, takes a moment to reflect on a year filled with milestones, growth, and community engagement. In this comprehensive review, we share our journey through statistics, highlight key achievements, and offer a glimpse into our plans for the upcoming year.

Liechtenstein, died “unexpectedly” at the age of 51 on Tuesday.The Princely House of Liechtenstein announced the sudden passing in a statement Wednesday. The cause of death was not revealed.Prince Constantin was seventh in line for the throne.The prince’s eldest brother, Hereditary Prince Alois, is first in line to succeed their father Hans-Adam II, the reigning Prince of Liechtenstein.

Bittrex Global, headquartered in Liechtenstein, has announced its decision to wind down operations. This process will begin with a cessation of all trading activities effective December 4, 2023. This announcement follows a period of regulatory challenges and legal proceedings that have impacted the company's operations.

The Belgian government has unveiled plans to accelerate the development of a blockchain infrastructure project in Europe during its Council of the European Union presidency in early 2024.

According to the country's government, Belgium plans to accelerate the development of a European blockchain infrastructure during its presidency of the Council of the European Union in early 2024.

Liechtenstein-headquartered cryptocurrency exchange Bittrex Global has announced it plans to wind down operations, starting with the suspension of trading activity on Dec. 4. 

LGT Crestone, the financial adviser backed by the Liechtenstein royal family, has stepped up its campaign to poach Credit Suisse’s wealthy clients and leverage the perception of any instability surrounding the Swiss bank’s takeover by UBS.

Switzerland’s St.Galler Kantonalbank (SGKB), one of the largest banks in the country, is moving into cryptocurrency by introducing Bitcoin (BTC) and Ether (ETH) trading to its customers.

₹150 crore of the committed ₹350 crore via a performance bank guarantee. In a subsequent 9 October hearing in the top court, lenders sought confirmation on allegations of fraud investigations against JKC's investor, Florian Fritsch, by European entities. JKC countered, emphasizing their compliance in depositing the promised ₹350 crore.

Facebook and Instagram users in Europe are getting the option to pay for ad-free versions of the social media platforms as a way to comply with the continent’s strict data privacy rules

Following Visa and Mastercard's termination of partnerships with Binance a couple of months ago, the world's largest cryptocurrency trading platform is now ceasing service of its Visa debit card in the European Economic Area (EEA).

Binance Visa debit card services will close down in the European Economic Area (EEA) on December 20, according to an announcement by the cryptocurrency exchange on Oct. 20. Binance accounts will be unaffected.

₹200 crore in two instalments. In response, senior counsel Mukul Rohatgi, representing JKC, argued that lenders have been demanding money at each stage, despite JKC depositing ₹350 crore. The lenders sought to consolidate all pending matters related to the case in the apex court for a joint hearing, while JKC requested separate hearing for this specific petition.

The German government says developed countries have pledged $9.3 billion to help poor nations tackle climate change

The top royal for one of the world’s smallest nations heads a multibillion-dollar dynasty dating back almost 1,000 years that’s endured through wars, floods and scandals.

Zug, a small Swiss canton nestled by a shimmering lake and framed by the Alps, is famous for its traditional cherry pie - which was particularly loved by actress Audrey Hepburn - and for its blockchain start-up hub.

Not all is well at Escala Partners, the wealth management outfit now partially owned by New York-listed Focus Financial Partners.