Cryptocurrencies, Blockchain Pose Range of Legal Issues

After the spectacular runup in the price of bitcoin at the end of 2017, cryptocurrencies and the associated blockchain technology are gaining enough traction that the legal profession must address them.

Cryptocurrency exchanges, which facilitate value transfers between the digital units and fiat money issued by governments, have proliferated, but it’s not clear whether electronic money is ever going to account for a significant share of the world’s payment systems. Blockchain, on the other hand, appears to be a technology that will find many uses.

Legal practitioners are faced with advising clients whose business interests may include working with cryptocurrency ...