Legal Validity: Smart contracts automate agreements, but their legal recognition varies by jurisdiction, raising questions about enforceability..Security Vulnerabilities: Coding errors and blockchain security flaws can lead to unauthorized access and financial losses..Transparency and Trust: Smart contracts provide transparency by executing terms automatically, but this can also expose sensitive data..Regulatory Compliance: Ensuring compliance with anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations is crucial..Dispute Resolution: Traditional legal systems may struggle with the immutable nature of blockchain, complicating dispute resolution..Read More Stories