Blockchain is here to stay, but what regulatory and legal hurdles does it now face?

Image Source: Article

Image Source: Article

At the start of April, the UK’s Financial Conduct Authority (FCA) announced it is looking for feedback by 17 July 2017 on the potential for future development of distributed ledger technology (DLT)/blockchain in the markets it regulates.

Here, intellectual property and technology lawyer at DLA Piper John D. McGonagle speculates on what the rise of blockchain technology might mean for the future of banking, the feedback which the FCA may receive from interested stakeholders, and some of the regulatory and legal hurdles which blockchain technology may need to negotiate in the near future.

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