Cryptoassets and Smart Contracts – UK Offers Legal Clarity
Data Matters
DECEMBER 4, 2019
Cryptoassets cannot be physically possessed, so they cannot be the object of a bailment, and only some types of security can be granted over them. However, because of the potential to facilitate near-instant messaging, clearing and settlement, blockchain and cryptoassets have a particularly promising potential in a financial services context.
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