Luxembourg updated DLT bill adds ‘control agent’ role for digital securities

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The announcement also emphasized that the new regime is optional for issuers and “complements the existing legal framework by recognizing the possibility of relying on new technologies, without compromising certainty and security for issuers and investors,” said the Ministry of Finance.

As things stand, the issuance and record keeping of digital securities are the responsibility of a central account keeper—custodian—or central securities depository.

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Article Details

Author / Journalist: James Field

Category: Crypto

Markets: CanadaIndiaIsraelLuxembourgNigerNigeriaUnited States

Topics: Luxembourg Ministry of Finance Business Distributed ledger technology Commission de Surveillance du Secteur Financier Regulation Control Agent Europe

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 07:00:25 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 694 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 21896539

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