Luxembourg Passes Bill to Give Blockchain Securities Legal Status
The European nation of Luxembourg has just passed a bill providing a legal framework for securities issued over blockchains.
According to a notice published Thursday, the country’s Chamber of Deputies, the county’s parliament, passed the bill on Feb. 14 with 58 members supporting the legislation and only two voting against.
Titled Bill 7363, the legislation is intended to provide financial market participants with legal certainty for issuing securities using Blockchain Technology.