Cryptocurrency regularly makes the headlines. While it is still a niche market, its growing popularity has drawn the attention of law enforcement agencies and regulatory bodies globally. Whether used as a form of investment or to launder money, criminals use cryptocurrency to carry out a range of offences including fraud, terrorism financing, and more. The technology behind cryptocurrencies and other crypto-assets is the blockchain, a decentralised digital money system operating as virtual tokens.This link :b3i.tech/

As a result, the Blockchain and Cryptocurrency market is complex and challenging for both market participants and regulators to navigate. In the UK, a number of initiatives have been set up to try and encourage innovation in this sector while also protecting consumers and maintaining stability and integrity – a balance which is difficult to strike.

The Role of UK Experts in Cross-Border Blockchain Projects

For example, the FCA has launched TechSprint events to bring together market participants and regulators (both internal and external) to collaborate on ideas or proof of concepts that could address specific industry challenges. The FCA has also held CryptoSprints, which have explored potential UK policy solutions for regulating crypto-asset businesses.

Jeremy Barnett is a specialist in this field and regularly advises clients across sectors on issues related to blockchain and cryptocurrencies. He recently advised a high net worth US investor on the tax implications of their crypto investments and advised multinational regulated businesses on issues surrounding digital asset trading. He has also helped a number of global non-fungible token (NFT) marketplaces to achieve compliance with sanctions, anti-money laundering and KYC regulations and has led blockchain alert investigations, including for the FCA and other authorities around the world.