Lawfirm work on first Blockchain & Cryptocurrency Regulation

Friday 26 October 2018

A cross-jurisdictional team of lawyers from Carey Olsen have contributed to Global Legal Insight's first edition of Blockchain & Cryptocurrency Regulation.

The publication has brought together legal experts from across the globe to analyse the state of play in the blockchain, cryptocurrency and electronic token space, specifically in relation to government attitudes and definitions, cryptocurrency and sales regulation, money transmission laws and anti-money laundering requirements, promotion and testing, ownership and licensing requirements, taxation and border restrictions.

In total, there are more than 30 country chapters as well as other general overviews looking at specific case studies and other topics relating to the digital assets industry.

Between them, Carey Olsen lawyers provided the country chapters for all five of its legal jurisdictions – Bermuda, British Virgin Islands (BVI), Cayman Islands, Guernsey and Jersey. Contributors comprised Bermuda partner Michael Hanson and counsel Adam Bathgate, BVI partner Clinton Hempel and associate Mark Harbison, Cayman Islands partner Alistair Russell and counsel Dylan Wiltermuth, Guernsey partner David Crosland and associate Felicity White, and Jersey partner Chris Griffin.

Mr Russell said: "The use and adoption of blockchain and cryptocurrency technology is rapidly expanding as individuals and businesses begin to recognise the endless possibilities it offers and how it has the capacity to transform the way the world does business. Blockchain is particularly topical in our legal jurisdictions, each of which are helping lead the way in fostering a legal and regulatory landscape conducive to the continued expansion of the product.

"This guide is therefore an invaluable reference tool in understanding this fast-evolving sector and Carey Olsen is delighted to have played a part in its creation."