English law needs to keep track of disruptive technology such as crypto and make sure it stays relevant, according to an adviser to the judiciary. By JamieCrawleyCD
A technology adviser to the judiciary of England and Wales said there is a need for an organization to keep track of gaps in the law to see where the legal system is failing to keep up with areas such as crypto and blockchain.
Professor Richard Susskind, who advises the head of the judiciary in England and Wales, has proposed an independent body to highlight areas of the law that are not keeping up with disruptive technologies such as crypto,Such a body would also promote English law across the world as a standard for governing blockchain-based transactions.
Some lawyers are concerned that although English law is the model of choice for finance and insurance, the country's legal sector could lose out to centers such as Singapore and Dubai if it does not keep pace with innovation.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Gemini acquires crypto portfolio management platform BITRIAGemini has acquired BITRIA (formerly Blockchange), a crypto portfolio management platform for financial advisors.
Lire la suite »
Crypto star Changpeng Zhao: 'Industry growing at a phenomenal pace'Binance CEO Changpeng Zhao, who goes by 'CZ,' discusses what is in store for the future of his company, noting that 'we generally welcome good regulation that promotes innovation.'
Lire la suite »
TransUnion wants to bring credit checks to the crypto lending marketTransUnion, a U.S. credit-reporting giant, has partnered with Spring Labs to bring consumer credit scores to the crypto lending arena.
Lire la suite »
North Korean hackers stole $400M in 2021, mostly ETH: ChainalysisThe Chainalysis blockchain analytics firm reported that North Korean hackers got away with nearly $400 million in stolen crypto throughout 2021 and have been using increasingly complex methods for laundering funds.
Lire la suite »
Crypto Options Market Starting to Have Material Impact on Spot Market: QCP CapitalThe Singapore-based crypto fund wrote in a Telegram note that the newfound strength of the crypto options market prevented bitcoin from bottoming out below $40,000.
Lire la suite »