Staying ahead of the ledger curve: Regulatory perspectives
The blockchain / Distributed Ledger Technology (DLT) is not a technology with a single use case, but a platform in the making, hence it is difficult to outline clearly what the future uses of it in the field of payments could and would be. Smart contracts, the lightning network and Internet of Things; autonomous payments on the blockchain are only some of the possible new potential use cases. How can regulation deal with products and services in the making? Can regulation help or stifle innovation? And is there a need for sandboxes, soundboxes or other legislative initiatives to stay ahead of the ledger curve?