“BLOCKCHAIN TECHNOLOGY AND LEGAL FRAMEWORKS: CHALLENGES AND OPPORTUNITIES IN THE FINTECH ERA”
AUTHOR – HIMANSHU PANET* & ANUJ SETHI**
* STUDENT AT LAW COLLEGE DEHRADUN, UTTARANCHAL UNIVERSITY
** ASSISTANT PROFESSOR AT LAW COLLEGE DEHRADUN, UTTARANCHAL UNIVERSITY
BEST CITATION – HIMANSHU PANET & ANUJ SETHI, “BLOCKCHAIN TECHNOLOGY AND LEGAL FRAMEWORKS: CHALLENGES AND OPPORTUNITIES IN THE FINTECH ERA”, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 6 (8) OF 2026, PG. 608-616, APIS – 3920 – 0001 & ISSN – 2583-2344
ABSTRACT
Once mostly connected to cryptocurrencies, blockchain technology has developed into a disruptive force in a number of industries, including the legal field[1]. The relationship between blockchain technology and legal systems is examined in this study, with an emphasis on the opportunities and difficulties associated with incorporating blockchain technology into current legal frameworks. Blockchain has the ability to completely transform legal transactions, contract execution, and data privacy management due to its decentralised, unchangeable, and transparent nature. Nevertheless, for blockchain[2] to be successfully integrated into legal systems, a number of regulatory obstacles, including jurisdictional problems, a lack of standardisation, and worries about privacy and security, must be resolved. The fintech ecosystem has been a key facilitator of digital transformation as India begins its journey on a digital trajectory. One of the most talked-about technological phrases in the fintech industry is next-generation trading currencies based on blockchain technology. However, more stringent legal frameworks apply to digital currencies and assets that also employ DLT underneath. This study offers a framework for analysing this particular concern of policymakers and the Central Bank, which highlights the necessity of regulatory frameworks that simultaneously protect users’ interests and the country’s economic and security interests.
KEYWORDS – blockchain, india, USA, UK, regulation
[1] Satoshi Nakamoto, Bitcoin: A Peer-to-Peer Electronic Cash System (2008).
[2] Primavera De Filippi & Aaron Wright, Blockchain and the Law: The Rule of Code (Harvard University Press, 2018).