Luxembourg Authorities Legalize Blockchain
The Luxembourg Parliament passed a bill designed to regulate the work of blockchain and crypto companies. Now crypto investors will be able to get similar rights and protection as participants of traditional markets.According to the Luxembourg Times, the bill will be able to provide market participants with more transparency and legality regarding securities issued on the blockchain.
In essence, transactions in distributed ledger were equated with operations on traditional financial markets. This means that crypto investors will receive the same rights and legal protection as their counterparts in other industries.
In total, 60 deputies voted for the new law, and only 2 were against.