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By: Andrew Henderson, Celine Moille from global law firm Goodwin.

On December 19, 2024, Luxembourg adopted Blockchain Law IV, a landmark legislative move aimed at strengthening the legal framework for blockchain in the financial sector. This reform marks a significant step in the use of distributed ledger technology (DLT) for the issuance of securities, introducing more-flexible regulatory mechanisms that align with the current demands of digital finance.

A Strengthened Regulatory Framework for Blockchain

Luxembourg continues to position itself as a leader in digital financial regulation. Blockchain Law IV complements previous reforms and is part of an ongoing effort to provide a clear and innovation-friendly legal environment. By integrating DLT into the management of dematerialized securities, Luxembourg seeks to optimize the efficiency of financial markets while ensuring the legal certainty needed to attract issuers and investors both within Europe and internationally.

This reform amends several key laws in the financial sector, including the April 6, 2013, law for dematerialized securities and the April 5, 1993, law for the financial sector. It further strengthens Luxembourg's appeal as a hub for digital securities in Europe.

Introduction of the Control Agent: A New Option for Issuers

One of the key innovations of this law is the creation of a control agent for the issuance of dematerialized securities. This new role allows issuers to opt for......................

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