Legal Statement on Crypto Assets and Smart Contracts

The landmark Legal Statement on Crypto Assets and Smart Contracts undertaken by the UK Jurisdiction Taskforce of LawtechUK, addresses legal uncertainty by recognising cryptoassets as tradable property and smart contracts as enforceable agreements under English law.

By providing investors with increased confidence of their rights, the Statement helps to provide a dependable foundation for mainstream utilisation of cryptoassets and smart contracts.

The Statement was put together in collaboration with industry experts, following extensive consultation, and has been quoted in case judgements in jurisdictions around the world.