On 9 March 2023, the Luxembourg Parliament adopted the Blockchain III Law. The Blockchain III Law – which was published on 17 March 2023 – amends, amongst others, the Financial Sector.
Last year the EU finalised its pilot regime for market infrastructures based on distributed ledger technology (DLT). The DLT Pilot Regime introduces an EU regulatory sandbox.
The Regulation is part of the measures proposed by the European Commission aimed at ensuring that the EU embraces the digital revolution in the financial sector. As of.