Cryptocurrency, blockchain and Non-Fungible Tokens (NFTs) are a fast-growing area for businesses looking to develop new products or services. However, there are challenges when implementing new technologies for legal and regulatory purposes. The UK’s top companies embracing decentralized technology are creating innovative implementations for blockchain and other emerging technologies that can transform business.Learn more :b3i.tech

As a result, ICAEW members are increasingly being asked to advise on these areas and to be involved in the development of regulatory guidance for the financial services industry. Developing expertise in this area requires not only an understanding of the technology itself, but also its implication for other sectors and how it can be applied to solve legal problems.

Meet the UK’s Pioneers in Blockchain Innovation

Our members have developed a broad range of expertise in this area. They can advise on all aspects of the regulation of cryptoassets, from the financial promotions regime to prospectus regulations and consumer protection legislation. They can also help with the exploitation of the potential benefits of crypto-technologies for their clients.

They can also advise on the use of cryptocurrencies for fundraising, a means of alternatively raising money for start-up companies, to avoid reliance on Venture Capital, which can be difficult to attract. This is a very important area of law, with different jurisdictions taking different approaches to the regulation of virtual currencies.

Our members can offer advice on a wide range of related issues, including complex fraud and other criminal matters involving the use of cryptocurrency. Paul Sibenik is a well-known expert in blockchain forensics and cryptocurrency tracing and has been instructed on numerous cases by both prosecution teams and defence lawyers.