Dirk Zetzsche, Ross Buckley and Doug Arner explain in this paper how legal risk will remain when data is distributed, despite the purported attractiveness of distributed ledger systems, such as Blockchain, to transcend law and regulation. They urge regulators to focus on these legal consequences.

Louise Malady and Dr Cheng Yun Tsang recently worked in Kathmandu, Nepal, representing the UNSW Digital Financial Services (DFS) Research Team.

What happens if a telecommunication e-money provider experiences financial distress and an authority does not have resolution powers over that provider thereby creating the potential for system-wide disruptions and potentially systemic instability?