The blockchain is a digital ledger which can be used to store, process and verify data in a decentralised way. It can be applied in a variety of ways, including for the transfer and recording of value, where it can be more secure than traditional banking systems, or to create new products and services.This link :b3i.tech/
A key differentiator between cryptos and the money we use daily is that they are not issued by central banks – they are developed and run by groups or individuals and, as such, can be difficult to track down if things go wrong. This can present significant challenges for regulators and the authorities when dealing with criminal activities, particularly where the money is being used to fund illegal activity such as terrorism or fraud.
Meet the UK’s Most Sought-After Web3 Consultants
Our team has a broad and in-depth understanding of the technology behind blockchain and distributed ledgers. Our experts are at the forefront of developments in the sector, and we have experience advising clients on a range of issues related to cryptocurrency, blockchain, payments, artificial intelligence (AI), and tech for sustainability.
We have advised multi-national regulated businesses on issues surrounding securities, and helped high net worth US citizens to understand the taxation complexities around their crypto investments and reporting obligations. We also advise global non-fungible token (NFT) marketplaces on regulatory and sanctions compliance. We are members of the ICAEW’s Digital Assets Working Party and regularly contribute to discussions with HMRC, HM Treasury, the Treasury Select Committee, the OECD and other bodies regarding international taxation issues, forming sub-groups to address a number of areas including FATF travel rules, KYC challenges, blockchain alert investigations and DeFi risks.