Despite the crash in the value of cryptocurrencies, recruiters are seeing high demand for lawyers with expertise in areas relating to use of blockchain, according to The American Lawyer.
“I think that the blockchain space was extremely popular for lawyers toward the end of 2017, and then the cryptocurrency crash happened, and a lot of lawyers who were working in crypto or blockchain went back quietly to whatever they were doing before, like Silicon Valley in the ’90s” said J.R. Lanis, a shareholder at U.S. law firm Polsinelli according to The American Lawyer article. “Those who have stuck with it will continue to see a lot of activity in this area.”
France is vying to serve as a model within the European Union for blockchain regulation, according to Modern Consensus. French Finance Minister Bruno Le Maire proposed that other E.U. set up a framework based on France’s new blockchain law.
The French law provides a certification process for firms wanting to trade or create new in digital assets. Le Maire said, “development of the blockchain ecosystem is a priority for the government: it is a potential technology that can contribute to the modernization of our businesses and our economy.”