Blockchain and Crypto Experts in the UK

As a digital currency, cryptocurrency regularly makes headlines for good – or bad – reasons. Although it has only been in circulation for a few years, 2.3 million people own cryptocurrency in the UK and more and more businesses are now accepting them as payment. This digital money system operates as virtual tokens known as coins and it has become a target for organised crime groups and scammers looking to profit from this new way of raising funds.This link :b3i.tech/

How UK Experts Are Addressing Blockchain Security

A number of legal and regulatory developments have been prompted by the growth of the cryptocurrency and blockchain sector. For example, the FCA has now been given powers to regulate how crypto-asset businesses manage risks such as money laundering and countering terrorism financing.

Furthermore, a consultation published by the Law Commission in 2022 contained reform proposals to enhance legal clarity around digital assets, including crypto-tokens, by clarifying their status as property and providing greater legal certainty for their ownership and security interests. This could potentially help to give UK market participants a competitive advantage.

Paul Sibenik is an experienced cyber and forensic expert witness, having conducted investigations into a wide range of matters, such as bitcoin thefts, hacking, SIM hijacking, ransomware, embezzlement and pig butchering scams. He also specialises in blockchain forensics and cryptocurrency tracing and has been appointed as an expert witness in civil disputes relating to the technology.