FMA Liechtenstein
Liechtenstein financial supervisor for licensed markets, MiCAR, and defined token-service roles

Liechtenstein's financial-market authority. Under the Token and TT Service Provider Act, it registers and performs defined ad hoc supervision of certain trustworthy-technology service providers, while MiCAR and financial-market licences cover separate scopes. The FMA explicitly warns that TVTG registration is not the same as full ongoing supervision of a licensed financial intermediary.