US SEC PROPOSES THAT THE NEW REGULATIONS FORMALLY RECOGNIZE THE USE OF BLOCK CHAIN TECHNOLOGY IN THE ISSUE OF SECURITIES

THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION (SEC) PROPOSED NEW PROVISIONS THAT WOULD FORMALLY RECOGNIZE THE USE OF BLOCK-CHAIN TECHNOLOGY IN THE ISSUANCE OF SECURITIES AND THE TRANSFER OF SHARES. THIS REFORM WILL MODERNIZE THE TRANSFER AGENCY LEGISLATION, WHICH HAS REMAINED LARGELY UNCHANGED SINCE THE 1970S AND 1980S. THE PROPOSAL IS NOW IN THE 60-DAY PUBLIC COMMENT PERIOD。