Blockchain—key legal and regulatory issues
Produced in partnership with John Salmon of Hogan Lovells and Benjamin Mendelson of Chronos Law
Blockchain—key legal and regulatory issues

The following TMT practice note produced in partnership with John Salmon of Hogan Lovells and Benjamin Mendelson of Chronos Law provides comprehensive and up to date legal information covering:

  • Blockchain—key legal and regulatory issues
  • What is blockchain?
  • No trusted intermediary
  • Permanence and reliability
  • Transparency and cost efficiency
  • Private, public and permissioned blockchains
  • Consensus protocols
  • Key uses for blockchain technology
  • Smart contracts
  • Decentralised autonomous organisations
  • More...

Blockchain—key legal and regulatory issues

Blockchain has erupted into mainstream consciousness, driven in part by the meteoric rise of cryptocurrencies and the booming global fintech sector, with multiple consultations and discussions by regulators underway or completed around the world. Although blockchain and its related technologies are still relatively new, significant investment has been aimed at releasing the efficiencies and capturing the new business models which it is anticipated to offer.

Much of the focus to date has been on the technical and commercial aspects. But for blockchain to realise its full potential it will need to navigate the new and existing legal and regulatory environments in which it will operate.

The range of potential use cases and the stage of development at which this new technology finds itself, means that this Practice Note is, by necessity, a roadmap to understanding the key legal and regulatory issues which typically arise in relation to blockchain technology rather than a set of definitive answers. The detail of the legislation and regulation applicable to blockchain technology will depend on the function it seeks to fulfil, the related technologies it utilises and the market in which it operates.

This Practice Note includes the following sections, among others:

  1. What is blockchain?

  2. Key uses for blockchain technology

  3. Smart contracts

  4. Decentralised autonomous organisations

  5. Initial coin offerings

  6. Non-fungible tokens (NFTs)

  7. What approach are the industry and legal

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