Legal Statement on Cryptoassets and Smart Contracts: A Step in the Right Direction

Yulia Makarova and Alistair Maughan authored an article for The Computer & Internet Lawyer discussing a recent legal statement from the U.K. Jurisdiction Taskforce — one of the six taskforces of the LawTech Delivery Panel, an industry-led group that is supporting the digital transformation of the U.K. legal services sector — on the status of cryptoassets and smart contracts under English Law, a “development which will help to move English law towards a clearer basis of recognition for cryptoassets and smart contracts as an asset class.”

“The statement is a welcome step forward in developing the legal thinking for the new advance technology that will hopefully continue in other professional, expert, and judicial fora,” the authors wrote.

Read the full article.