Italy’s Senate Moves to Set Legal Foundation for Blockchain Timestamps

The Italian government could soon amend regulations to allow legalized blockchain timestamping and validation of digital documents.

The country’s senate, the Senato della Repubblica, on Wednesday published a proposal to add distributed ledger technology and smart contract-related terms to Senate Act No, 989, passed in December 2018.

As well as including definitions of blockchain and smart contracts in the amendment, it proposes that the recording of an electronic document using technologies based on distributed ledgers “produces the legal effects of the electronic time validation referred to in Article 41 of EU Regulation no. 910/2014.”

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