Why we need evolutionary, not revolutionary, regulatory initiatives

[Lenipiw]

Clearing regulatory hurdles is important for forward-leaning jurisdictions that aim to attract the most innovative firms.
This July, Luxembourg — the world’s second-largest domicile for investment funds behind the United States — submitted a draft law updating a law from March 1, 2019 that allowed for the registration and transfer of securities by custodians. With this draft law, issuance itself can be based on distributed ledger technology, thereby introducing truly dematerialized DLT or blockchain-based securities.
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