The UK has embraced decentralized technologies, such as blockchain, and is looking to become a global hub for crypto and digital assets. This has seen a number of new companies launch in the area that create products and implementations for this technology.Learn more :b3i.tech
This includes companies who are developing a range of different products, such as wallets and payment apps that allow people to invest in and transact using cryptocurrency, as well as those providing implementations for blockchain technology that can be used by enterprises. This could be for example for managing supply chains, shipping, logistics or finance – or in traceability, for provenance and authenticity of products from food to diamonds.
Top Rated Blockchain Development Teams in the UK
However, despite the positives for business, these technologies bring with them a number of legal challenges. For example, as crypto activity is not currently regulated in the UK, there are few protections for consumers and investors. In addition, the sector is a magnet for criminals, who can use it to facilitate everything from investment fraud and ransomware to money laundering.
Our specialist team advises on these issues, and helps clients navigate the complex regulatory landscape. We also help our clients manage the risks associated with investing in and trading crypto-assets, including advising on how to structure their businesses to ensure compliance with laws such as the UK’s Money Laundering Regulations. Our lawyers are also experienced in assisting with the enforcement of judgments against those involved in these activities.