Luxembourg has approved a blockchain legal framework that will make the new technology equals to traditional payments systems.
The Chambre des Deputes Du Grand-Duche De Luxembourg sanctioned into law the blockchain technology framework bill 7363 into law, according to an official announcement published by the parliament.
The bill attempts to provide the market with more transparency and legal support for the circulation of securities across blockchain platforms. The new law is also looking for government institutions and private companies to work on efficient securities transactions by reducing the number of intermediaries.
Blockchain transactions will have the same legal status and protections like the ones that have been done with traditional platforms.
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