Exchanges call for regulatory clarity over blockchain use


  • TECH
  • Friday, 26 Aug 2016

Styrofoam bull figurines are pictured at the Frankfurt's stock exchange, Germany, December 17, 2015. REUTERS/Ralph Orlowski

LONDON: A lack of clarity over regulation is holding back the development of blockchain technology for cutting the cost of share trading, the world's trade body for exchanges said on Thursday.

The World Federation of Exchanges (WFE) asked its members about their plans to use blockchain, a tamper-proof shared ledger that can automatically process and settle transactions using computer algorithms, with no need for third party verification.

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