Tue. Jan 26th, 2021

Planet Compliance

Innovation & Regulation in Finance

German regulator reports on Blockchain and Distributed Ledger Technology

2 min read

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.

The full BaFin report is available here. More information on the Blockchain can also be found in our recent post on the Basics of Blockchain and in our dedicated section.


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