Cryptoassets and Smart Contracts – UK Offers Legal Clarity
Data Matters
DECEMBER 4, 2019
Although the Legal Statement is not binding on English courts, it is intended to offer some clarity to the market in the absence of any judicial decisions on these matters to date. 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.
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