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Tokenisation: assets are regular mail, tokenised assets are email
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Bitcoin2Go: Was Ethereum vom BTC unterscheidet & was hinter Smart Contracts steckt
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Applications of blockchain and distributed ledger technology (DLT) in finance have proliferated in recent years, forcing policy makers around the world to step in and formulate rules in regard to asset tokenization.
In a report released in January 2021, the Organisation for Economic Co-operation and Development (OECD) documents and analyses the range of policy responses to the emerging tokenization market, outlining the main strategies that have been adopted by regulators around the world so far.
Stylised representation of asset tokenisation, Regulatory Approaches to the Tokenisation of Assets report
A technology-neutral approach to regulating financial services
According to the study, most regulators around the world, including the European Commission (EC), the UK Financial Conduct Authority (FCA) as well as US regulators, have opted for a technology-neutral approach to policies and risks where existing financial regulations are applied to tokenized assets.
Switzerland ushers in new era as blockchain law takes effect Business
Switzerland has ushered in a new era for the digital assets industry after the tokenized securities law took effect on February 1. Known as the Blockchain Act, it sets a firm legal basis for digital asset exchange and tokenization while tackling the threat of digital currency money laundering.
The Act was passed in September 2020, with the Swiss legislators striving to keep up with their neighbors Liechtenstein which was among the first to develop digital currency regulations. It will be implemented in two phases this year. The first, which centers on company law reforms, took effect on February 1. Financial market upgrades will follow in August as part of the second phase.
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