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Liechtenstein

All articles tagged with #liechtenstein

world5 months ago

Switzerland Confronts Challenges of U.S. Tariffs and Trade Routes

Switzerland warns its companies they cannot bypass U.S. tariffs by routing goods through Liechtenstein, despite a customs treaty and the small principality's lower tariffs, as U.S. rules consider the origin of products. The U.S. has recently imposed a 40% penalty on transshipments to prevent such circumventions, affecting Swiss and Liechtenstein trade, with potential impacts on U.S. consumers and global supply chains.

obituary2 years ago

Sudden Death of Prince Constantin of Liechtenstein at 51

Prince Constantin of Liechtenstein, seventh in line to the throne and the third son of the reigning Prince Hans-Adam II, has died suddenly at the age of 51. The cause of death has not been released. Liechtenstein, a small German-speaking nation, is a semi-constitutional monarchy with a population of just under 40,000. Prince Constantin was married to Princess Marie of Liechtenstein and they had three children together. He was chairman of the supervisory board of Liechtenstein Group AG and a member of the board of directors of Liechtenstein Group Holding AG. The Liechtenstein royal family also possesses one of the largest private art collections in the world.

obituary2 years ago

Prince Constantin of Liechtenstein's Unexpected Death at 51

Prince Constantin of Liechtenstein, the youngest son of Prince Hans-Adam II, has passed away unexpectedly at the age of 51. Seventh in line to the throne, Constantin leaves behind his wife and three children. He also served as chairman of the supervisory board of the Liechtenstein Group, the largest royal family-owned private banking and asset management group in the world. The cause of death has not been disclosed.

cryptocurrency2 years ago

Liechtenstein Government to Accept Bitcoin for State Services

Liechtenstein's Prime Minister and Finance Minister, Daniel Risch, has announced plans to accept Bitcoin as payment for government services, although he did not give a timeframe. The country is unlikely to hold onto the Bitcoin it receives, instead immediately exchanging it for Swiss francs to avoid volatility. Liechtenstein is part of the European Economic Area, where the EU's Markets in Crypto-Assets regulation could apply, attracting more crypto firms to the region. The country follows a similar course to nearby Swiss communities of Zug and Lugano, which accept Bitcoin for some taxes and public services.

cryptocurrency-adoption2 years ago

Liechtenstein's Prime Minister Announces Bitcoin Payment Acceptance for State Transactions.

Liechtenstein's Prime Minister, Daniel Risch, has reportedly announced plans to add bitcoin as a payment option for government services. Any crypto received will likely be immediately exchanged for Swiss francs, the country's national currency. Although crypto is currently considered too volatile to entrust portions of the country's multi-billion dollar annual savings, Risch signaled that this assessment could change in the future.