{"id":33498,"date":"2020-12-16T17:17:47","date_gmt":"2020-12-16T15:17:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33498"},"modified":"2025-08-28T14:06:32","modified_gmt":"2025-08-28T11:06:32","slug":"germany-approves-blockchain-storage-of-stock-transaction-records","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/germany-approves-blockchain-storage-of-stock-transaction-records\/","title":{"rendered":"Germany approves blockchain storage of stock-transaction records"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The German government approved a bill that legitimises fully electronic securities within a broader blockchain strategy. Previously, the law required issuers and holders of securities to document transactions only with a paper certificate, Reuters reports.<\/span><!--more--><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">&#8220;The future belongs to the electronic version of the paper certificate. It reduces costs and administrative burden,&#8221;<\/span><span style=\"font-weight: 400;\"> said Finance Minister Olaf Scholz.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">The law allows replacing the paper certificate with a record in the central securities depository. A blockchain-based registry is also possible.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Justice Minister Christine Lambrecht, the law will provide legal clarity and boost the potential of new technologies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In August this year, the bill to implement blockchain in the securities market for consideration <a href=\"https:\/\/u1f987.com\/en\/news\/germany-to-move-securities-onto-the-blockchain\"><span style=\"font-weight: 400;\">was submitted<\/span><\/a> by the Federal Ministry of Finance and the Federal Ministry of Justice and Consumer Protection.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the end of June, the German securities-token platform Neufund announced its closure. The decision was attributed to government inaction toward the crypto industry.<\/span><\/p>\n<p>Follow ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The German government approved a bill that legitimises fully electronic securities within a broader blockchain strategy. Previously, the law required issuers and holders of securities to document transactions only with a paper certificate, Reuters reports.<\/p>\n","protected":false},"author":1,"featured_media":33499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[25,109],"class_list":["post-33498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain","tag-germany"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=33498"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33498\/revisions"}],"predecessor-version":[{"id":33500,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33498\/revisions\/33500"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/33499"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=33498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=33498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=33498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}