Lexis®Library update: The Law Commission is asking stakeholders to provide their views on how market participants use, treat and deal with digital assets, as well as the potential consequences of such assets being ‘possessable’. The evidence will be used to inform the Law Commission’s consultation paper on digital assets, which will make proposals to reform the law in order to provide certainty on the status of digital assets. The call for evidence closes on 30 July 2021.
The call for evidence itself does not contain any proposals for law reform. Rather, it seeks to identify issues which may arise from the application of the common law to digital assets and how market practice seeks to resolve these. It also asks respondents to provide comments on laws in other jurisdictions, such as the Liechtenstein Blockchain Act and the Wyoming Blockchain Laws and to identify other areas of law that reform in this area could affect.
Download the full call for evidence here.
Respond to the call for evidence here.
This project is linked to the Law Commission’s consultation on electronic trade documents, see: LNB News: Law Commission announces consultation on electronic trade documents
Source: Digital assets
This content was first published by LNB News / Lexis®Library, a LexisNexis® company, on 5 May 2021 and is published with permission. Further information can be found at: www.lexisnexis.co.uk.
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