Emerging technologies are increasingly trusted by government representatives. And one of the new technologies that has had the most impact on regulated markets has been the application of blockchains. Thus, according to coingeek, the German government has passed new legislation that would allow the application of the blockchain to the stock market system.
According to one report, securities certificates can now be replaced by an entry in the central securities registry or one managed by a private sector bank. He also speculates that a blockchain focused on the registry of crypto-securities is now possible. Faced with this, German government officials indicated that the law will provide legal security and enhance the use of new technologies.
Finally, the German finance minister, Olaf Scholz, stressed that the main advantages of electronic securities compared to traditional ones are their performance and effectiveness. Echoing this position, Justice Minister Christine Lambrecht also declared herself in favor of the new legislation. Both agree that this law will allow expanding the innovative potential of these technologies for the German financial center.