Regulatory approaches to smart contracts and their potential for abuse differ across the globe, creating a lack of uniform liability standards that enables bad actors to evade responsibility. This post explores how smart contracts’ autonomous and borderless nature makes them vulnerable to criminal misuse, while fragmented global regulations leave major gaps in accountability. Charlotte Chandler proposes a two-tiered framework that preserves code as a protected form of expression while holding programmers accountable when their deployed code functionally facilitates illicit activity.
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