China News Official TheBitTimes.com

As Web3 redefines digital interactions, the conventional legal system lags, underlining the need for a new on-chain legal mechanism. Web3 is poised to revolutionize digital interactions, but this innovation is moving faster than the conventional legal system can manage it. Unlike traditional infrastructures that rely on intermediaries, Web3 is powered by blockchain, and most rules are enforced by code. How should people build trust in decentralized, trustless systems without an on -chain legal system? While Web3 offers unprecedented opportunities, it also comes with unique challenges, one of which is Web3 conflict resolution. The legal challenges of Web3 Given the global and decentralized nature of Web3, conflicts could appear in many scenarios: criminal acts like hacks, scams, regulatory disputes and private law disagreements. These disputes can arise from interactions with centralized or decentralized exchanges, malfunctioning smart contracts or governance disagreements within de...

Binance has appointed Eleanor Hughes as the new general counsel . She has been a member of the Binance legal team since November 2021. Hughes now takes over, leading a battery of 85 lawyers . Shift in Binance’s legal team Ina July 13 announcement, Binance CEO Changpeng Zhao, also known as CZ, shared that during their time working together, he has come to trust their legal advisor to protect users and manage risks on the platform. Binance has appointed Eleanor Hughes as its new general counsel . She joined Binance's legal team in November 2021 and will lead Binance’s legal affairs with a team of 85 lawyers . Former general counsel Han Ng has recently departed, along with a number of other senior executives.… — Wu Blockchain (@WuBlockchain) July 13, 2023 In addition to her two years working at Binance, Hughes has another 15 years of experience in private and in-house roles, spending more than ten years at law firms, including Skadden, Meagher & Flom LLP, and...