【Luxembourg Passes Latest Blockchain Law Aimed at Simplifying Digital Fund Issuance】On December 21, Luxembourg passed the "Blockchain Law 4," aimed at making it easier for securities to adopt DLT. This is the country's fourth blockchain law. According to the current DLT securities legislation, Luxembourg adopts a two-tier concept, including a central account manager, similar to a Central Securities Depository (CSD), but less cumbersome. The second tier involves account managers, namely custodians. EU credit institutions or investment companies or Central Securities Depositories (CSD) can act as control agents. No licensing is required in Luxembourg, but the regulatory authority (CSSF) must be notified several months in advance.