Blockchain and Crypto Experts in the UK

The blockchain is making headlines and the number of companies using it has risen. Whether it’s as an alternative to cash, in supply chain management, logistics or finance or for provenance tracing food from field to fork, enterprises across industries are starting to adopt this fourth industrial revolution technology.Find out :https://b3i.tech/

The UK’s approach to cryptoassets seeks to encourage innovation and competition, whilst protecting consumers, maintaining stability and market integrity. Achieving this balance has been challenging.

How UK Experts Are Demystifying Blockchain for the Public

For those operating as a service provider in the space, the FCA’s onerous registration requirements need expert advice to navigate. Rahman Ravelli is experienced in this area and has a track record of successfully assisting corporate entities through the process.

A key issue is how to tax cryptoassets. The position is complex, with different categories of cryptoassets being subject to a range of taxes. HMRC has issued guidance and the position is evolving. It is crucial that the correct position is adopted in order to avoid significant penalties.

There are also criminal issues around the use of cryptocurrencies, such as fraud and money laundering. These require the advice of a barrister who has experience in these matters. St Pauls Chambers has a wide-ranging commercial fraud team, including those with specialist expertise in the use of cryptocurrencies and related fraud.

Paul Sibenik specialises in blockchain forensics and cryptocurrency tracing, often conducting investigations into a broad spectrum of criminal activities including hacks, exploits, vulnerabilities, thefts, SIM hijacking, ransomware and embezzlement. He has also conducted civil cases involving cryptoassets, including bankruptcy divorce proceedings.