Posted on 12/09/2017 8:41:56 AM PST by Olog-hai
France’s finance minister unveiled Friday a decree that would make it the first nation in Europe to allow the trading of some non-listed securities using the blockchain technology that underpins cryptocurrencies.
The decree, presented by Finance Minister Bruno Le Maire to the government, should enter into force by July at the latest and will apply to non-listed financial securities that EU law doesn’t require to be traded via an intermediary, a market worth potentially more than €3 trillion.
In particular, this includes shares in mutual and hedge funds, negotiable debt securities, and unlisted stocks and bonds.
Blockchain technology debuted in 2009 as a public, encrypted ledger for the digital currency Bitcoin. It has drawn interest from the established financial sector in recent years because of its potential for securely tracking transactions, allowing anyoneto get an accurate accounting of money, property or other assets. …
(Excerpt) Read more at thelocal.fr ...
Another step for France to fail.
I wonder what will happend to the US dollar once countries start permitting —or requiring— OIL purchases to be done using bitcoin.
......????
The worst thing to happen with blockchain tech will be leftist governments getting their hooks into it. And then, no man may buy or sell, at the government’s whim . . . sound familiar?
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