France Approves Financial Blockchain Trading

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France has now approved the use of blockchain technology for trading unlisted securities.

According to Reuters, its government has implemented a new set of rules that enables its banks and fintech firms to initiate their own blockchain platforms for trading. This change allows the trading of these unlisted securities without needing a middleman, making the trade almost instant.

Bruno Le Maire, France’s finance minister, states that these rules would be beneficial for Paris as a financial center, adding, “The use of this new technology will allow fintech firms and other financial actors to develop new ways of trading securities …

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