New Law in Germany Embraces All-Electronic and Blockchain Crypto Securities
The German government has passed new legislation to introduce all-electronic securities as part of the country’s wider blockchain strategy. According to the country’s finance ministry, the new law relaxes rules forcing issuers and holders of securities to document transactions with a paper certificate. Legal Clarity According to a report, the paper certificate can now be “replaced with an entry in a central securities depository or a register kept by private-sector banks.” The report also speculates that this means “an entry in a crypto securities register....
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