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Legal and Regulatory Landscape of Blockchain Technology in Various Countries
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Author(s): Karisma Karisma (University Malaya, Malaysia) and Pardis Moslemzadeh Tehrani (University Malaya, Malaysia)
Copyright: 2022
Pages: 30
Source title:
Regulatory Aspects of Artificial Intelligence on Blockchain
Source Author(s)/Editor(s): Pardis Moslemzadeh Tehrani (University of Malaya, Malaysia)
DOI: 10.4018/978-1-7998-7927-5.ch004
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Abstract
Blockchain technology can be leveraged to record information securely, ranging from public sector data to private records. It has the potential of being ubiquitous due to its far-reaching use cases and revolutionary features. The deployment of blockchain technology can radically transform corporate and government operations and services. The blockchain legislative landscape is rapidly evolving, and an in-depth analysis is provided to offer a legal and contextual perspective of the regulatory trends across the globe. Part I explores the widespread use of blockchain technology for various industries and business applications. It also outlines two types of legislation that can be enacted, namely enabling and prohibitive legislation, to advance the policy objectives of a country. Part II examines the regulatory responses of various countries relating to blockchain use cases and applications.
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