Cryptocurrencies, powered by blockchain technology, offer decentralized digital currencies and smart contracts that improve security and remove intermediaries. However, their rapid growth presents legal challenges, including regulatory uncertainty, compliance with AML/CTF laws, and consumer protection concerns.
Global regulatory developments are addressing these challenges, with some countries exploring Central Bank Digital Currencies (CBDCs) for stability. Additionally, securities regulators are increasing scrutiny, and the legal status of smart contracts is evolving.
To balance innovation and compliance, future FinTech law will focus on clear taxation, enhanced cybersecurity, and stronger AML regulations. As the legal landscape evolves, businesses and investors must stay informed to navigate this growing sector.
