While public adoption of crypto assets is increasing, global regulations continue to progress and recognize decentralized technologies as a suitable infrastructure for the dematerialization of securities. In Luxembourg, the country that is second in the world in terms of assets under management, the country’s regulator adopted a bill that explicitly recognizes the possibility of using distributed ledger technology for the dematerialization of securities.
The regulation is moving quickly elsewhere across Europe: Tokenized securities now fall under the same rules and regulations as traditional financial instruments in many other European countries including France, Switzerland, Germany, Italy, the Netherlands, Romania, Spain and the United Kingdom.
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What’s next for the industry? Due to the increase in public adoption and the favorable regulatory environment, demand from the financial industry to access digital networks is on the rise. So far, banks have digitized the retail industry, but not much has evolved in capital markets.
TheTitle: Cointelegraph Consulting: Research outlines how DeFi can merge with traditional finance
Sourced From: cointelegraph.com/news/cointelegraph-consulting-research-outlines-how-defi-can-merge-with-traditional-finance
Published Date: Tue, 23 Feb 2021 13:49:00 +0000