Regulatory Challenges

Jurisdiction: Due to blockchain's decentralized structure, it is challenging to apply conventional legal frameworks because the technology frequently functions outside of national borders.

Compliance: On decentralized networks, complying with legal requirements like Know Your Customer (KYC) and Anti-Money Laundering (AML) might be difficult.

Smart Contract Enforcement: In some areas, the validity and enforceability of smart contracts—self-executing agreements with conditions encoded straight into code—remain unclear.

Cryptocurrency Regulation: Around the world, governments and regulatory agencies are still debating how to categorize and govern cryptocurrencies, which has resulted in a patchwork of laws that may be perplexing for both users and operators.

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Blockchain

Regulatory Challenges

Beginner 5 Hours

Jurisdiction: Due to blockchain's decentralized structure, it is challenging to apply conventional legal frameworks because the technology frequently functions outside of national borders.

Compliance: On decentralized networks, complying with legal requirements like Know Your Customer (KYC) and Anti-Money Laundering (AML) might be difficult.

Smart Contract Enforcement: In some areas, the validity and enforceability of smart contracts—self-executing agreements with conditions encoded straight into code—remain unclear.

Cryptocurrency Regulation: Around the world, governments and regulatory agencies are still debating how to categorize and govern cryptocurrencies, which has resulted in a patchwork of laws that may be perplexing for both users and operators.

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