The German financial regulator, BaFin, today published a report Distributed Ledger: The technology behind virtual currencies: the example of blockchain.
The report describes how the distributed ledger works illustrated by the example of the Blockchain and its applicability in financial markets. BaFin also stated that it has been focusing on DLT for the past few months as a result of its innovative capacity. It is monitoring the latest developments in the FinTech industry very closely and is engaged in discussions related to DLT with other supervisory authorities. It is also actively in contact with experts and market participants for the purposes of identifying any potential supervisory problems.