Moving from the age of blockchain 1.0 to the age of blockchain 2.0, bitcoin will not be the only one facing regulatory regulations such as AML, smart contracts would have the same problem. Can smart contracts be regarded as commom contracts under Contract Law? If the answer is yes, then does the code belong to the legal form of expressing content contained in a contract? Can everyone involved have the ability to identify and understand the meaning of the code? If “code is law”, how to make sure the party with technical advantages will not abuse its advantages?
http://news.8btc.com/regulatory-challenges-facing-smart-contracts-is-code-law-or-law-is-code
