Blockchain for Financial Services Lawyers

Summary

This practice note provides an overview of blockchain. Many lawyers in the financial services industry have recently heard of the disruptive potential of "blockchain," or "distributed ledger technology" (DLT), the technology that underlies cryptocurrencies such as bitcoin. This practice note explores blockchain and possible regulatory responses to the technology. Banks, financial intermediaries, financial technology startups and regulators are actively exploring potential uses for distributed ledger technology.