Blog

Germany’s Financial Authority Sees Blockchain as Potential “New Standard” for Financial Markets

In a report this week, Germany’s Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht), highlights the potential introduction of blockchain or distributed ledger technology in the financial industry.

Known by the abbreviation BaFin, the financial regulatory agency emphasizes the importance of having awareness of potential risks in completely adopting the technology as well as specifically paying attention to threats of cyber attacks, money laundering and removing a centralized authority.

READ MORE AT CHAIN-FINANCE.COM

Journalist, policy analyst, and evangelist of new, disruptive technologies including big data analytics, Internet of Things, and cryptocurrencies. Internet industry veteran with regional c-suite experience, and journalist credentials earned at internet.com, Internet World magazine, and Mecklermedia Corporation.
Free AllCoinsNews Email Updates
Get the latest cryptotoken market news and blockchain developments!
We respect your privacy.