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DLT, blockchain and security tokens are hot topics among
legal authors and numerous publications have been made to date.
Distributed ledger technology
(
DLT ) is
increasingly used by businesses in different sectors, with many
Fintech start-ups flourishing in Luxembourg and Europe. In
Luxembourg, the Commis sion de Surveillance du Secteur Financier
(the
CSSF ) has over
the last couple of years been contacted by numerous promoters of
projects involving DLT and gained expertise in relation
thereto
2
3 or BaFin
4
.
The Luxembourg legislator has been active in the same period with
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INTRODUCTION
The historical antecedent of man is inundated with changes
orchestrated majorly by man s quest for a better and easier
means of survival. Starting from the era when according to Thomas
Hobbes, t
he life of man was solitary, poor,
nasty, brutish, and short to the modern
technological age, change has remained constant in almost all
spheres of life. This quest for change led Satoshi Nakamoto
1 in
2008 into developing a new technology offering, Bitcoin
Blockchain . It is widely believed that Blockchain (BC)
could potentially be a significant driving force behind the next
wave industrial revolution,
2 due to its versatile and trust
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