/biz/ - Business & Finance

>English law recognizes cryptoassets and smart contracts. The increasing adoption of cryptoassets and smart contracts has created legal uncertainty in many jurisdictions. But a statement by the UK Jurisdiction Taskforce of the Lawtech Delivery Panel says that English law will now recognize cryptoassets as tradable property and smart contracts as enforceable agreements. The panel says the statement supports the view that smart contracts and cryptoassets represent the future in legal terms; and Sir Geoffrey Vos, chancellor of the High Court said that starting with the legal status makes more sense than introducing regulation before legal status has been established.

https://www.lawgazette.co.uk/law/cryptoassets-and-smart-contracts-valid-in-english-law/5102211.article

If only you knew how comfy things really are....

https://35z8e83m1ih83drye280o9d1-wpengine.netdna-ssl.com/wp-content/uploads/2019/11/6.6056_JO_Cryptocurrencies_Statement_FINAL_WEB_111119-1.pdf

>English law recognizes cryptoassets and smart contracts. The increasing adoption of cryptoassets and smart contracts has created legal uncertainty in many jurisdictions. But a statement by the UK Jurisdiction Taskforce of the Lawtech Delivery Panel says that English law will now recognize cryptoassets as tradable property and smart contracts as enforceable agreements. The panel says the statement supports the view that smart contracts and cryptoassets represent the future in legal terms; and Sir Geoffrey Vos, chancellor of the High Court said that starting with the legal status makes more sense than introducing regulation before legal status has been established.

https://www.lawgazette.co.uk/law/cryptoassets-and-smart-contracts-valid-in-english-law/5102211.article

If only you knew how comfy things really are....

https://35z8e83m1ih83drye280o9d1-wpengine.netdna-ssl.com/wp-content/uploads/2019/11/6.6056_JO_Cryptocurrencies_Statement_FINAL_WEB_111119-1.pdf