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. Cryptoassets are not documents of title, documentary intangibles or negotiable instruments, nor are they instruments under the UK Bills of Exchange Act nor goods under the UK Sale of Goods Act.
Let's personalize your content