What is the new securities law about?
Since Bitcoin’s blockchain technology entered the mainstream, the crypto-currency market has boomed at an incredible rate. Blockchain – the underlying distributed ledger technology behind Bitcoin – has the power to disrupt many industries, and in particular to revolutionize the security of ownership. Luxembourg has opted to embrace and adapt to these technological developments.
What does the draft law aim to do?
In a nutshell, it seeks to afford legitimacy and legal sanction to the use of blockchain technology in the holding, distribution and transfer of securities…