UK Jurisdiction Taskforce: The LawTech Delivery Panel Legal statement on cryptoassets and smart contracts
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The UK Jurisdiction Taskforce carried out a consultation earlier this year to identify the key questions that needed to be answered about English law's approach to cryptoassets and smart contracts. Following input from relevant stakeholders, including Allen & Overy, UKJT published its legal statement on the 18th November 2019.
The report was described by Sir Geoffrey Vos, the Chancellor of the High Court, as a "watershed" and something that no other jurisdiction had attempted. The objective of the consultation has been to afford "market confidence and a degree of legal certainty".
Click here to read our summary, in which we have identified the answers, and consequences of those answers, to the key questions posed. For further information contact Jason Rix or Etay Katz.