Luxembourg lawmakers on Thursday, February 14th approved a legal framework to grant blockchain technology the same legal transaction status as traditional ones. Although, just two members out of 60 parliamentarians were against the bill passage.
According to Reporter Andre Bauler ” The Bill aims to provide financial market participants with legal certainty for the circulation of securities via blockchain technology. The transfer of securities via the blockchain does not yet have legal certainty. The bill should provide greater certainty for investors and make the transfer of securities more efficient by reducing the number of intermediaries
Although, in March 2018 the Luxembourg Financial Regualator CSSF issued a stern warning for people to desist from investing in cryptocurrencies and ICO’s but times have changed