Risch also did not rule out the possibility of investing public funds in bitcoin in the future. The country currently has a budget reserve of 2.2 billion Swiss francs (approximately 2.2 billion euros), 2.5 times its annual budget.
Last year, the Bank of the Princes of Liechtenstein opened its customers to cryptocurrency investments.
The prerequisite is that clients must “reside in Liechtenstein or Switzerland and be classified as professional investors or clients of an external asset manager.
In April, the European Parliament approved a bill to regulate cryptocurrencies in the European Union (MiCA), which would set clear standards for the industry and protect cryptocurrency investors.
Policymakers also supported a separate law that requires virtual asset service providers (VASPs) to identify their customers making any funds transfers to prevent money laundering