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Cryptoassets & Blockchain Legal News

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France

New Rules for Unlisted Securities Blockchain Trading introduced in France

December 11, 2017 by Ashley MAO

The French government has introduced new guidelines enabling banks and fintech firms to set up blockchain platforms to be used to trade unlisted securities – reports Reuters.

“The use of this new technology will allow fintech firms and other financial actors to develop new ways of trading securities that are faster, cheaper, more transparent and safer.” Said French finance minister, Bruno Le Maire.

Fostering Paris as a financial innovation hub is seen as the motivation behind the move.

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Ashley MAO, Coinlaw

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Ashley MAO is a member of the Coinlaw team. Read more about our team.

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