NLJ: Pioneering cryptoassets case

Writing in this week’s NLJ, Racheal Muldoon, of 36 Commercial, counsel for the successful applicant, hails the decision and explains the implications of the case. These include empowering holders of NFTs to seek recourse as well as potentially making NFTs taxable and capable of being left as inheritance. Muldoon writes: ‘For the moment at least, there is no doubt that England and Wales is the most advantageous jurisdiction in the world when it comes to the protection of cryptoasset holders’ rights.’