UK:
UK Says Cryptoassets Can Be Property And Smart Contracts Are Enforceable
12 December 2019
Hogan Lovells
To print this article, all you need is to be registered or login on Mondaq.com.
In a welcome development for the cryptoasset industry, the UK
Jurisdiction Taskforce (UKJT) has issued a legal statement on cryptoassets and smart
contracts, recognising for the first time that cryptoassets are
property and smart contracts can have "contractual force"
and thus be binding. The statement should provide market
participants with some confidence and legal certainty and help the
adoption of these new technologies.
Click here to read the full article on Hogan
Lovells Engage.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Technology from UK
Regulation Round Up - March 2024
Proskauer Rose LLP
Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation.
The State Of AI
IR Global
Artificial Intelligence (AI), is revolutionising industries and daily life, shaping the way we work, communicate, and interact with technology, but its legal implications must also be considered.
All Eyes On The Regulators As The Age Of AI Dawns
Herbert Smith Freehills
Recent developments in AI regulation make it clear that the burden, and risk, of regulating this exciting but difficult new area in the UK will fall squarely on existing sectoral regulators for now...