Blockchain Boosting: Germany to Introduce Electronic Securities | Jones Day – JD Supra
Context
Under German civil law, the issuance of a bearer bond requires a paper document with a signature in wet ink (except for certain government bonds). Although a security issued as a paper (global) note can be transferred electronically through the securities settlement system, the requirement for a paper (global) note presents a major practical restriction on the issuance of German law…
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