Anti-establishment and counter-government sentiments fuelled the early days of crypto. More than a decade later, crypto is slowly moving away from its wild-west early days and into a more organized system that traditional financial institutions are reluctantly adopting.
Crypto has also managed to attract the no less reluctant attention of various regulators. With reactions ranging from a complete ban on crypto transactions to making authorities question the overall role of regulation, cryptocurrencies have wreaked havoc on policymaking everywhere.
So far, regulators have mostly focused their attention on positioning digital assets within existing financial regulations. However, experts in other areas of law have started developing interest in both cryptocurrencies and the technology behind them. Concepts such as decentralized digital identities and securely storing data on the chain have served as an introduction to blockchain technology for many lawyers.
An introduction that has brought with it yet another promise is that of private transactions on a blockchain. As highlighted in the