Blockchain and Its Legal Implications

A key driver of complexity in the nascent blockchain and cryptocurrency industry is the web of regulatory and compliance requirements recently issued by various government bodies. Enabling the industry to mature requires faithful compliance with law and regulation, with the assistance of professional advisors such as legal counsels.


MCLE Prescribed Subject

Credit Unit





3/11/2027 12:00:00 AM


Blockchain has generated significant excitement, investment, and entrepreneurial activity in recent years. However, the business value of blockchain-based solutions is still uncertain, cryptocurrency valuations are speculative, and there are legal, regulatory, and governance challenges that need to be addressed.

At the end of this course, you will be able to:

  • Determine the essential features of blockchain, cryptocurrencies, distributed ledger technology, and smart contracts;
  • Evaluate current and potential business use cases and the legal and regulatory challenges these technologies raise;
  • Identify the financial service implications of blockchain technology, in particular, in payments, remittance and banking;
  • Recognize the money laundering risks associated with cryptocurrencies and how the Anti-Money Laundering Council is addressing them;
  • Determine the different characteristics of digital assets and why some digital assets are considered as security, investment contract, or financial instrument; and
  • Identify the registration and compliance requirements that apply to “security tokens” and “tokenized securities” 

Course Status


Course Price


when you avail the Full Compliance (36 Units) bundle


Regular price for 1 credit unit course



FinTech Lawyer

Atty. Rafael Padilla is a commercial attorney who specializes in financial technology, cryptoassets, and blockchain. He works with many of the blockchain projects and financial technology startups in the Philippines, serving their legal and compliance requirements. He is also a special consultant of the Aurora Pacific Economic Zone Authority (APECO) on financial technology and digital assets.