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4 months ago Today, Germany’s Federal Ministry of Finance (BMF) announced the German cabinet approved its draft legislation on electronic securities, which includes blockchain-based securities. This comes soon after the introduction of the draft in August this year. We assume the legislation still has to go through parliament. The law will mean it will no longer be required to have a paper stock certificate, allowing for digital securities or tokens to be recorded on an electronic ledger and enabling digital custody. The aim is to protect investors while ensuring the integrity, functionality, and transparency of Germany’s financial markets. This also helps Germany reach some of its blockchain strategy goals set last year, which includes supporting the technology.

Justice christine lambrechtOlaf sholzBlock chain technologyGermany federal ministry of financeFederal ministryGerman finance minister olaf sholzGerman federal governmentBanking actSwiss federal departmentBlockchain actநீதி கிறிஸ்டின் லாம்பிரேசித்தொகுதி சங்கிலி தொழில்நுட்பம்ஜெர்மனி கூட்டாட்சியின் அமைச்சகம் ஆஃப் நிதிகூட்டாட்சியின் அமைச்சகம்ஜெர்மன் கூட்டாட்சியின் அரசுவங்கி நாடகம்