UK takes significant step in legal certainty for smart contracts and cryptocurrencies

The UK Jurisdiction Taskforce of the LawTech Delivery Panel has published a legal statement on the status of cryptoassets and smart contracts under English and Welsh Law. The statement seeks to address legal uncertainty by recognising cryptoassets as tradable property and smart contracts as enforceable agreements under the English law.

3VB’s David Quest QC was on the UK Jurisdictional Taskforce (UKJT) team responsible for drafting the statement.

To read the full legal statement by The LawTech Delivery Panel, please click here.