Why we need evolutionary, not revolutionary, regulatory initiatives By Cointelegraph

Why we need evolutionary, not revolutionary, regulatory initiatives By Cointelegraph

Why we need evolutionary, not revolutionary, regulatory initiatives

This July, Luxembourg — the world’s second-largest domicile for investment funds behind the United States — submitted a draft law updating a law from March 1, 2019 that allowed for the registration and transfer of securities by custodians. With this draft law, issuance itself can be based on distributed ledger technology, thereby introducing truly dematerialized DLT or blockchain-based securities.

Furthermore, a central “issuance account” keeper (transfer agent) is required to assume responsibility, and the account keeper has to be authorized by any member state of the European Economic Area, which means that non-Luxembourg credit institutions and investment firms can be the central account holder.

Manuel Rensink is the strategy director at Securrency. He oversees strategy and business development, focusing on industry partnerships and commercialization of the firm’s IP in the areas of digital assets, identity management and exchange protocols. He has over 20 years of experience in institutional capital markets across all major asset classes. Prior to Securrency, Manuel worked as a strategy consultant, head of MENA at index and analytics firm MSCI in Dubai, and head of EMEA at JPMorgan (NYSE:) spin-off RiskMetrics Group in London.

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link


Leave a Reply

Your email address will not be published. Required fields are marked *

About us

InvestLab is a financial services technology company focused on the global trading market. Founded in 2010 in Hong Kong, the company develops trading, market data, and social research products that enable individual investors and small to mid-size brokers to access global markets. We provide brokers and financial institutions cross border capabilities for retail investors into 43 markets globally.