EU Regulator: legal uncertainty still faced by DLT in trade finance

EU Regulator: legal uncertainty still faced by DLT in trade finance
фото показано с : bitcoints.com

2018-7-4 19:43

An EU banking regulator has published a new report exploring the benefits and risks associated with the use of distributed ledger technology (DLT) in finance.
In a report published on Tuesday that discusses the rising trend of financial technology, the European Banking Authority (EBA) highlighted two banking-related use cases of blockchain: cross-border trade finance and identity authentication.
The paper’s authors wrote:
“A number of opportunities emerge from the use of DLT and smart contracts for trade finance.
That said, the EBA also noted the emerging technology still faces potential risks as applicable law remains uncertain at the moment.
As such, conflict of interests may occur among DLT nodes that are located in different jurisdictions.

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finance report banking technology use published dlt

Источник: bitcoints.com

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