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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.
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.
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.
It is possible, because as long as we can attach a Rand VALUE to the property for transfer duty or VAT purposes and Capital Gains Tax, the receiver of revenue doesn’t worry how you actually pay, but it is foolish and ill-advised.