Looking at the current situation whole world is confused about Crypto Regulation & there are several question in Governments Mind .When you deal with decentralise space,risk is really high as return is high.We as lawyers understand that dealing with crypto means playing with International Law dealing with
“By its very nature, DeFi is designed to be permissionless and, currently, operates within the ‘grey’ area of the financial industry — which, as we know, is a highly-regulated market. Currently, DeFi operators seem to have an unspoken ‘code of conduct’ in which they are good players in the space. Regulators are clearly watching the space carefully and, as we know, are reactive in approach rather than proactive. One transaction could topple the apple cart, so to speak.”
Our digital currency specialists are at the forefront of Smart Contracts, with plans to launch digitalised legal agreements using blockchain technology from inception. Smart contracts are, essentially, self-executing digital contracts with the contract clauses drafted in computer interpretable language (instead of human language in paper form). Under a smart contract, no money would be paid unless specific agreements are met and verified by software.
The benefits of smart contracts are tangible: they are easily and quickly created, easily accessible and immutable. Notably, they cannot be lost because they are placed on a blockchain; and because they are easy to create, they will be cheaper – bringing down the cost of associate fees. A big advantage is that the risk of a traditional contract dispute arising between the parties is reduced. Smart Contracts can also reduce the risk of fraud and corruption.
Smart contracts are cryptographically secure, self-enforcing digital instruments that can automate agreements between the parties. They are carefully designed and tested before being used in real-world applications.
WE ARE ASSISTING SEVERAL INNOVATORS IN DIGITAL CURRENCY SPACE RELATED TO INTERNATIONAL FRAUD IN CRYPTO CURRENCY.