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Matt Green, Head of Blockchain and Digital Assets and Head of Technology Disputes, recently featured on a panel at the Blockchain Lex Group x CryptoMondays Caribbean webinar: Achieving Trust and Security in Caribbean Web3 and Crypto.

Matt discussed whether crypto exchanges owe a duty of care to help victims of fraud. He argued that a formal common law duty will unlikely assist; those that are cooperative will continue in any event, and those which do not comply with Court Orders are already in contempt of Court and further duties may push them deeper into the shadows.

Matt argued that there should be (i) a reliance on implementing helpful technology like transaction monitoring, especially considering that key stakeholders have this technology, drawing parallels with the banking industry, and (ii)that a general consensus on best practices will promote the good actors allow them to follow pre-agreed protocols to assist victims of fraud.

Matt was joined by Keir Finlow-Bates, author and inventor at Chainfrog, Keniel Ledgister, the Caribbean Region Attaché at the Internal Revenue Service, Racheal Muldoon, Barrister at Maitland Chambers, Erika Knierim, Senior Associate at Founders Law LLC, Marina Markezic from the European Crypto Initiative, and Adella Toulon-Foerster, Partner at Hodder Law.

The full webinar can be viewed below.