Association Of German Private Banks (Bankenverband): New Regulation For Crypto Securities Needed

German Bank Association Believes That A New Regulation For Crypto Securities May Be Needed The whole world is currently discussing the blockchain technology now. Because this new technology is so disruptive, some changes have to be made in order to accommodate it. Now, the Association of Germany Private Banks (Bankenverband) has recently affirmed that there is a real need for more regulation in the blockchain industry. According to the German organization, securities based on the distributed ledger technology (DLT), also known as the blockchain, may need some new sort of regulation. The concerns of the banking association were posted here (the post is in German, though). The post affirms that the securities issues using these new technologies need regulation as they require a new need for safekeeping and settlement and then the corporate actions of the company might have to change in order to accommodate that. Therefore, adaptations in how the European and national regulation exist may