UK:
UK Says Cryptoassets Can Be Property And Smart Contracts Are Enforceable
12 December 2019
Hogan Lovells
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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.
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