Bahrain, Switzerland and Singapore move to give legal ownership standing to digital records and assets.
Adoption of the Model Law on Electronic Transferable Records (MLETR) developed by the United Nations Commission on International Trade Law (UNCITRAL)
New 2021 national regulations across Europe, the Middle East and Asia giving legal standing to digital records and assets mark an important inflection point in digitisation. This progress will accelerate the rollout of TODA/ADOT base containerized assets to the benefit of corporations, governments and citizens seeking to exercise strong and efficient ownership control and trade rights of digital assets and documents through TODA|ADOT containerization.
Bahrain creates history as first nation enacting laws giving legal standing to Electronic Transferable Records from Albawaba Business.
Switzerland issues law giving DLT based securities ownership legal standing from Coindesk.
Singapore introduces Law to give digital trade instruments legal standing from Global Trade Review Publication.