The UK Jurisdiction Taskforce of the LawTech Delivery Panel today released a statement to recognise the legal treatment of cryptoassets and smart contracts.
The Panel has concluded that:
The statement is welcome and provides legal certainty in this growing sector.
Link to related article: www.finextra.com/newsarticle/34790/uk-charges-ahead-with-legal-certainty-for-smart-contracts-and-cryptoassets/retail