David Woolstencroft interviews Natasha Blycha, Managing Director and Founding Partner and James Myint, Managing Partner of Stirling & Rose. They have been recognised as the 2021 Innovative Lawyer of the Year by Financial Times and 2020 Thought Leader of the Year by Lawyers Weekly.
James explains how the term blockchain is often confused with bitcoin. There is so much more to the blockchain, such as cryptocurrency, digital assets, NFTs and more. Natasha talks about how the interchangeability of digital assets with financial currencies makes it a complex issue, as there are so many laws and regulations associated with monetary and financial transactions. They discuss a few issues relating to the rising legal concern regarding the newly created space while delving into decentralised autonomous organizations (DAOs). Many important questions are to be considered. Do you have financial services licenses? Or market licenses? Are you sure you are not misleading, providing enough information and protecting consumer rights?
Moving forward, how could law firms prepare themselves with web 3.0?
Watch the video to find out.