Distributed Ledger Technology and Secured Transactions : Note 2. Regulatory Implications of Integrating Digital Assets and Distributed Ledgers in Credit Ecosystems

Distributed Ledger Technology and Secured Transactions : Note 2. Regulatory Implications of Integrating Digital Assets and Distributed Ledgers in Credit Ecosystems

This guidance note focuses on the regulatory implications that the deployment of distributed ledger technology (DLT) entails for secured transactions and collateral registry (STCR) frameworks. In particular, it examines the regulatory regimes appli...

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Bibliographic Details
Main Author: World Bank
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
DIGITAL TECHNOLOGY
DISTRIBUTED LEDGER TECHNOLOGY
BLOCKCHAIN TECHNOLOGY
FINANCIAL TECHNOLOGY
INTERNATIONAL FINANCIAL REPORTING STANDARDS
ANTI-MONEY LAUNDERING
DIGITAL ASSET
FINANCIAL REGULATION
DIGITAL COLLATERAL
STABLECOINS
Online Access:http://documents.worldbank.org/curated/en/165451588054535734/Regulatory-Implications-of-Integrating-Digital-Assets-and-Distributed-Ledgers-in-Credit-Ecosystems
http://hdl.handle.net/10986/34008
Description
Summary:This guidance note focuses on the regulatory implications that the deployment of distributed ledger technology (DLT) entails for secured transactions and collateral registry (STCR) frameworks. In particular, it examines the regulatory regimes applicable to three DLT-STCR outputs: (i) the use of digital assets implementing DLT as collateral, (ii) the application of DLT in platforms supporting secondary markets for the valuation and disposal of collateral, and (iii) the application of DLT in collateral registries.

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