Distributed ledger technology has been transforming financial services for some time now, but legal systems have struggled to keep pace. This is especially true when it comes to cryptoassets such as cryptocurrencies and non-fungible tokens (NFTs).Read more :https://b3i.tech/ The UK government has taken a proactive approach to regulating this space, and in 2022 set up the Cryptoassets Taskforce with HM Treasury, the FCA and the Bank of England. This will lead to a phased approach, with Phase 1 prioritising FCA regulated activities relating to fiat-backed stablecoins and the regulation of systemic payment systems using them. Top Crypto Analysts Based in the UK More enterprises than ever before are looking at or already using blockchain to improve business efficiencies and to prove the authenticity and traceability of goods from food to diamonds. The blockchain is also gaining acceptance and adoption from governments, with some already moving ahead with their own national digital currencies. Whether you are an investor, trader, developer, adviser or startup, our experts can help you understand the legal, regulatory and commercial implications of blockchain and cryptoassets in the UK. We can advise on all aspects of this fast-moving, evolving sector – from sales regulations to the pitfalls of crypto asset fraud and the intersection of new technology with existing law and regulation. Our lawyers are pioneers in this space, with a proven track record of success in leading cases and establishing new legal precedents in the field. We are proud to be members of CryptoUK, the trade association for the UK’s digital and crypto asset industry.
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