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.
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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