APAC CIOOutlook

Advertise

with us

  • Technologies
      • Artificial Intelligence
      • Big Data
      • Blockchain
      • Cloud
      • Digital Transformation
      • Internet of Things
      • Low Code No Code
      • MarTech
      • Mobile Application
      • Security
      • Software Testing
      • Wireless
  • Industries
      • E-Commerce
      • Education
      • Logistics
      • Retail
      • Supply Chain
      • Travel and Hospitality
  • Platforms
      • Microsoft
      • Salesforce
      • SAP
  • Solutions
      • Business Intelligence
      • Cognitive
      • Contact Center
      • CRM
      • Cyber Security
      • Data Center
      • Gamification
      • Procurement
      • Smart City
      • Workflow
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Artificial Intelligence

    Big Data

    Blockchain

    Cloud

    Digital Transformation

    Internet of Things

    Low Code No Code

    MarTech

    Mobile Application

    Security

    Software Testing

    Wireless

  • E-Commerce

    Education

    Logistics

    Retail

    Supply Chain

    Travel and Hospitality

  • Microsoft

    Salesforce

    SAP

  • Business Intelligence

    Cognitive

    Contact Center

    CRM

    Cyber Security

    Data Center

    Gamification

    Procurement

    Smart City

    Workflow

Menu
    • Cyber Security
    • Hotel Management
    • Workflow
    • E-Commerce
    • Business Intelligence
    • MORE
    #

    Apac CIOOutlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIOOutlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    Blockchain Regulation and Compliance Aspects Enterprises Need to Know

    “Compliance and transparency are hard-wired to the very fabric of the market,” reports the Securities and Exchange Commission of the United States.  

    Blockchain Regulation and Compliance Aspects Enterprises Need to Know

    By

    Apac CIOOutlook | Wednesday, March 13, 2019

    Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.

    With new, efficient technologies emerging as a result of the digital age, lawyers have begun to integrate them into standard legal processes. These new technologies are the future of law, ranging from video conferencing to digital voice assistants. These new technologies include the Blockchain ledger systems. “Compliance and transparency are hard-wired to the very fabric of the market,” reports the Securities and Exchange Commission of the United States. However, some lawyers still challenge blockchain’s legal position in the field. Many lawyers are afraid that the demand for legal professionals will be reduced in the future. While blockchain will disrupt the legal industry and break down intermediaries in many other sectors, in the age of blockchain, lawyers can create space for themselves.

    With the geographically more decentralized, anonymous and more resistant to censorship projects, domestic regulators must address infringements of their laws by enabling global coordination, or possibly harmonizing their securities, commodities, financial distributors, and tax legislation. In 2018, the IOSCO, CPMI, G20 and FSB, OECD and EU Blockchain Partnership (launched by the EU Commission) were the driving forces behind these initiatives. But years before, due to the different approaches and attitudes of regulators and governments worldwide, the world has seen real progress. The handiest way of regulating the protection of privacy coin is to allow it to be traded on regular cryptographic exchanges, which could foster trade under the watchful eye and create an initial trial that is auditable

    Among the few government players who have publicly recognized that there are tensions between blockchain and GDPR and, particularly, the rules relating to the right to erasion, rectification rights and the principle of data minimization, are the French DPA, EU Members of Parliament and the EU Blockchain Forum. A few companies have simply blocked access to their sites or services from European citizens, but that might no longer be a workable solution, with the California Consumer Privacy Act coming into effect in 2020 and the recently launched United States Federal Privacy Law. Initiatives of change are not feasible solutions anymore. There are a number of suggestions for GDPR compliance such as zero-knowledge evidence and private key destruction, but the question of these erasure or anonymization methods remains unclear.

    More in News

    Real-Time Insights Fueling Smarter Brand Strategies

    Real-Time Insights Fueling Smarter Brand Strategies

    Transforming Retail: The Impact of VR and AR in Asia Pacific

    Transforming Retail: The Impact of VR and AR in Asia Pacific

    Enhancing Customer Satisfaction through Omni-Channel Payments

    Enhancing Customer Satisfaction through Omni-Channel Payments

    AI's Role in Apac's Digital Transformation Journey

    AI's Role in Apac's Digital Transformation Journey

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Copyright © 2025 APAC CIOOutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    Home |  CXO Insights |   Whitepapers |   Subscribe |   Conferences |   Sitemaps |   About us |   Advertise with us |   Editorial Policy |   Feedback Policy |  

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/blockchain-regulation-and-compliance-aspects-enterprises-need-to-know-nwid-6152.html