Blockchain and Crypto Experts in the UK
In line with the government’s aim to make the UK a global hub for cryptoasset technology and investment, regulators have developed their approach to regulating the industry alongside the technology itself. In 2018, the UK established a Cryptoassets Taskforce, bringing together HM Treasury, the Bank of England and the Financial Conduct Authority to coordinate the country’s approach to regulating cryptoasset technology and distributed ledger technology (DLT) as it applies to financial services.Read more :b3i.tech/
Since then, the regulation of cryptoassets in the UK has continued to evolve, with an emphasis on how to deal with the risks posed by them. As the world becomes increasingly digitised, the introduction of new technology such as cryptocurrencies and Non-Fungible Tokens (NFT) brings with it novel legal issues – from market manipulation and ICOs to tracing and money laundering.
Meet the Rising Stars of Crypto in the UK
NFTs have rapidly expanded in popularity as a way for companies to reward customers for engaging with their products, and are being used by businesses in a wide range of sectors. As such, they are increasingly being investigated by law enforcement agencies, as well as subject to claims from individuals who have been sold NFTs on fraudulent websites or social media platforms.
Our experts are at the forefront of this evolving area of the law and have been involved in a number of significant cases that have helped to shape and refine the law surrounding this area. Their expertise spans from advising multinational regulated businesses on their obligations under the Financial Promotions regime to assisting global cryptocurrency exchanges with their regulatory, anti-money laundering and sanctions compliance.…
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