08 May 2021•LawtechUK

Cryptoassets & Smart Contracts – Legal Statement

This landmark statement seeks to address legal uncertainty by recognising cryptoassets as tradable property and smart contracts as enforceable agreements under English law. It takes significant steps to address uncertainty, answering critical questions as to their classification and characterisation. By providing investors with increased confidence of their rights, the statement helps to provide a dependable foundation for mainstream utilisation of cryptoassets and smart contracts.