On 22nd November, a briefing from HFW is concerned with what has been described as a “watershed” development, a report from the UK Jurisdiction Taskforce (UKJT) which confirms English law will view cryptocurrencies as “property” and therefore capable of enforcement by the English courts. English law will recognise cryptoassets as “property” and smart contracts as having “contractual force”. This is said to represent a culmination of recent international developments and illustrates the ability of the English legal system to adapt to emerging technologies, and will be highly persuasive in future litigation.
The UKJT report is at –
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