Luxembourg Approves Pro-Blockchain Bill 7363 as a Law

Luxembourg Approves Pro-Blockchain Bill 7363 as a Law

Luxembourg has approved a blockchain legal framework that will make the new technology equals with 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 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 numbers of intermediaries.

Blockchain transactions will have the same legal status and protections as the ones that have been done with traditional platforms.

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