As Thailand becomes one of the world’s first countries to trial blockchain-enabled peer-to-peer trading of solar power, regulators have their hands full drafting rules to catch up.

Japan’s Financial Services Agency (FSA) on Wednesday gave the cryptocurrency industry self-regulatory status, permitting the Japan Virtual Currency Exchange Association to police and sanction exchanges for any violations.

As major financial institutions weave themselves deeper into the patchwork of cryptocurrency trading, they are trying to figure out how to handle conflicts that could arise when employees trade digital coins in their personal accounts.

The rapid rise of blockchain in areas like banking and beyond has resulted in regulators scrambling to keep up.

Clyde & Co has launched a consultancy to provide clients with legal and technical advice on the growing new area of smart contracts, blockchain and distributed ledger technologies.