Bitcoins To Be Sold In Liechtenstein Post Office

By Rishma Banerjee

In an interesting turn of events, Bitcoin investors in Liechtenstein will now be able to buy bitcoin at the post office. This new service is being brought about through a collaboration between Liechtenstein’s official post office with Swiss blockchain company, Värdex Suisse which is a regulated payment service provider based in Switzerland.

The postal service, which was launched on the 15th of February notes that this new service is not at all any different from the conventional money exchange business which has always been a part of swiss post’s service. As per the reports this service will also involve the customer receiving a physical crypto wallet which will allow them to access the crypto box on the blockchain using the public or private key.

Liechtenstein is known to a crypto friendly country, where crypto law and business operations have been made more conducive to  the crypto act that was adopted in the country in June 2018. The primary objective of this act is make the country more crypto friendly.

Meanwhile, in February 2018, the crown prince of the country had said in a statement that he believed that investing in cryptocurrency will assist his family restore their wealth. He is also making an active effort at exploring the blockchain technology to facilitate better administration of the monarchy.

Cryptocurrency and blockchain tech has seen wide and massive adoption in recent time. However crypto rules and regulations are instrumental for the growth of the nascent industry in any country. It can easily be noted that those countries which have adopted favourable rules with regards to this  have seen a massive influx of related businesses in recent time. This surely provides an extra boost to the economy of the host countries, as technology is well being considered to be the future of the financial world.