Our articles are written by experts in their field and include individual barristers, solicitors, academics, judges, and leading firms in relevant areas of practice. JIBFL offers authoritative insights into global banking and financial law, providing essential updates for legal practitioners and policymakers. Covering key topics like lending, security interests, derivatives, debt capital markets, banking and finance related disputes, crypto, FinTech and financial regulation, JIBFL serves as a trusted resource for navigating complex legal challenges and staying informed in the financial sector. If you would like to contribute, please email Amanda.Cohen2@lexisnexis.com.
Transaction finality in blockchains: legal considerations
© Copyright LexisNexis 2024. All rights reserved.
This article examines the settlement finality in a subtype of blockchains that relies on probabilistic settlement finality. Having studied transaction finality in blockchains, both from a private law and regulatory law perspectives, this article finds that the main difference between settlement in blockchains and those in traditional finance is the absence of intermediaries to whom the legal obligations and liabilities could be assigned in case of settlement fails. In the absence of such intermediaries, the regulatory law may be hesitant to give effect to settlement finality in such blockchains.
If you are already a User, sign in
Or you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Alternatively you can subscribe here to read unlimited content.
