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This week: Registration open for LSSA annual general meeting: 9 April 2021; Property owners have 14 months to comply with the asbestos abatement regulations; and conveyancing industry leaders in UK sign up for blockchain network.
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The very nature of blockchain technology lends itself to risks which need to be considered and observed by software developers. They include lack of third party protection, the lack of privacy, jurisdictional issues, and governance.
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Ever-evolving technology is not just a trend, and businesses need to stay informed as they evolve and adapt to remain relevant. So too must legal professionals as they ensure that the layperson develops an understanding of the fibre of laws and regulations which regulate such interactions for the collective good.
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Establishing regulatory legal Fintech frameworks, and an awareness of the underlying assets attributing value to tokens is crucial in assessing risk appetite for tokens and similar securities.