In Brief: A walkthrough of the pressing legal issues in blockchain today.Over the last few months a varying group of legal professionals from New Zealand, Australia, and the USA have been meeting to discuss current events, challenges, and peculiarities in the interaction between blockchain and law. As facilitator I suggested we might record the sessions. This is the first to be published.Attendees:Arthur Falls: Host of The Ether Review, State Change, Director of Media, ConsenSysAlex Sims: Associate Professor, Head of Commercial Law, The University of Auckland?'?Š?'"?'?ŠResearch project on regulating crypto in NZ and Aus.Liesl Eichholz: Studying Master of Laws, University of Otago?'?Š?'"?'?ŠLLM in blockchain technologies and their implications for the law in NZ, as well as regulatory options.Hannah Glass: Solicitor, King & Wood Mallesons?'?Š?'"?'?ŠEnsuring blockchains work within the law, nationally and internationally.Matt Corva: Law and Business, ConsenSys?'?Š?'"?'?ŠPushing the limits of what is legally possible with blockchain technology, especially with real use cases and actual enforceable contracts.Peter Van Valkenburgh?'?Š?'"?'?ŠDirector of Research at CoinCenter?'?Š?'"?'?ŠInterested in open/permissionless blockchains and what they can be used for, as well as securities regulation.Arthur Falls?'?Š?'"?'?ŠDirector of Media at ConsenSys and Host of Ether Review?'?Š?'"?'?ŠInterested in creating media covering blockchains and the law, which is currently lacking.Reputation:Matt?'?Š?'"?'?ŠPervasive view that anything related to blockchain/crypto is also related to drug money/dark net. Culture that hasn?'?t been shaken yet. There are things that we can be doing to extinguish the (thankfully already dying) narrative that crypto = shady. Can be championed by legal sector.Hannah?'?Š?'"?'?ŠIn Aus, it has moved on from this. Less people using BTC, more focusing on Ethereum. Still a huge amount of misinformation, with people conflating blockchain with Bitcoin, which is a problem.Peter?'?Š?'"?'?ŠDangerous to distinguish between blockchain and Bitcoin, because many great tools are being based on the Bitcoin blockchain. Doesn?'?t think there is a big need for involvement of law in here; every new technology leads to misinformation, and widespread public adoption is what will change the view. Example of souped up vehicles being created as a result of bootleggers needing to escape the police?'?Š?'"?'?Štechnological movement which ultimately led to real advances in automotive science. Same with the internet, and will be the same with blockchain networks.Matt?'?Š?'"?'?ŠLegal aspect is important because lawyers are often the front line between the establishment and new technologies?'?Š?'"?'?Šthe establishment needs specialists to tell them what is ?'?˜ok to use?'?. Maybe 10% of F500 companies are still questioning the value of blockchains.Hannah?'?Š?'"?'?ŠRole is to work with traditional clients (banks, government), who are pretty excited with the new technology, and also with start-ups. The goal is to bridge the gap between government and business. Regulators are realising that blockchain is not necessarily Bitcoin, which is why Aus now has a regulatory sandbox for companies to experiment.Peter?'?Š?'"?'?ŠOpen blockchains still have something in common with BTC, which regulators may be uncomfortable with: censorship resistance. There is no central intermediary who can stop actions on the network, which central authorities (i.e. governments) are scared of.Hannah?'?Š?'"?'?ŠWhen working with large organisations, the ?'?œwhat happens if things go wrong?' question comes up often. Immutable ledgers already exist (e.g. land titles), but fraudulent activities can be rendered void. On a blockchain, an ?'?