With or without you: the “complicated relationship” between the tokenised economy and the law

Abstract

The advent of distributed-ledger technologies (DLTs), along with the tokenised economy grown from this technical breakthrough, raise some fundamental questions for the law. To a certain extent, DLTs seem to challenge some traditionally core components of state sovereignty, thus disrupting our century-old legal paradigms. However, on a deeper level the law seems capable of incorporating the blockchain revolution without the need to be fundamentally altered.