The wealthiest European country Luxemburg establishes the law for cryptocurrency transactions.
According to the Luxembourg Times, country's finance minister, Pierre Gramegna claimed that the country will create a national legal framework for the use of blockchain technology in financial transactions.
The government representative told the Luxembourg Times that the government has successfully tabled a bill centered around blockchain, or distributed ledger technology. The main aim of the document is to provide investors and companies with an additional layer of legal certainty.
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