German regulator reports on Blockchain and Distributed Ledger Technology

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.

Lavanya Rathnam

Lavanya Rathnam is an experienced technology, finance, and compliance writer. She combines her keen understanding of regulatory frameworks and industry best practices with exemplary writing skills to communicate complex concepts of Governance, Risk, and Compliance (GRC) in clear and accessible language. Lavanya specializes in creating informative and engaging content that educates and empowers readers to make informed decisions. She also works with different companies in the Web 3.0, blockchain, fintech, and EV industries to assess their products’ compliance with evolving regulations and standards.

Posted in UncategorizedTagged , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *