As smart contracts are guaranteeing trust and that job is taken away from authorities such as banks, new financial system will need to be put into place and laws’ function to protect people in the state or the state itself, allowing individuals to avoid liability in this respect is a damaging prospect for the security of a society. Blockchain Group have developed a white paper that attempts to establish what constitutes a legally binding smart contract and how they can operate in legitimate way within a legal system .Why is the Blockchain not yet regulated and people are making money out of it ?

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