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Germany Expands The Blockchain Strategy With A New Bill On Electronic Securities Passed
Summary: According to Reuters, the cabinet of German Chancellor Angela Merkel passed new legislation on Wednesday. The law relaxes the rule that securities issuers and holders must use paper vouchers to record transactions, and welcomes electronic securities as part of its broader blockchain strategy. Justice Minister Christine Lambrecht believes that the legislation will provide legal clarity and ...
According to Reuters, the cabinet of German Chancellor Angela Merkel passed new legislation on Wednesday. The law relaxes the rule that securities issuers and holders must use paper vouchers to record transactions, and welcomes electronic securities as part of its broader blockchain strategy. Justice Minister Christine Lambrecht believes that the legislation will provide legal clarity and enhance the potential of new technologies. Achim Berg, head of IT Association Bitkom, said: "Blockchain technology has the potential to turn current procedures completely upside down and to fundamentally change the way entire business sectors work."
By Mary Liu
Tags: Angela Merkel,Blockchain,Christine Lambrecht,Electronic Securities,Germany
Link: Germany Expands The Blockchain Strategy With A New Bill On Electronic Securities Passed [Copy]
