There is growing interest in the potential of blockchain technologies to offer a range of new business opportunities, either through investment or as a tool for managing supply chain operations or finance. Businesses are looking to adopt blockchain technology to enable them to make and record transactions in a more cost-effective, secure and transparent manner. Some businesses are also using blockchain to improve traceability of their products by storing information on the blockchain which can be used to identify the origin and authenticity of the product.Find out :https://b3i.tech/

However, the blockchain is not without its risks and there are a number of criminal offences that could arise in connection with cryptocurrencies or blockchain technology. Some of these offences include the use of cryptocurrencies to commit investment fraud or as a means for money laundering. The involvement of cryptocurrencies in these crimes has been attracting the attention of law enforcement agencies and it is important that anyone who is arrested or under investigation for offences connected with cryptocurrencies seeks legal advice at the earliest opportunity.

Blockchain Consultants in the UK for Enterprise Solutions

The FCA is currently seeking views from market participants in the context of a series of TechSprint events. These are designed to bring together regulators (from across and outside financial services) with market participants, in order to explore potential UK policy solutions for the regulation of cryptoassets.

SG Accounting are an accountancy firm providing a personal service for small businesses and contractors, giving them a dedicated accountant, FreeAgent software to keep track of their finances and tax advice tailored to their unique circumstances. They have experts in the tax implications of cryptocurrency and are able to assist with the preparation and submission of self-assessment returns for individuals who own or trade in crypto.