Wall Street

Law Commission Breaks New Ground on Crypto

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City AM

By Kimberly Butler The consultation on digital assets by the Law Commission is a seminal work and examines fundamental questions. The consultation, together with the Law Commission’s response, will likely serve as a legal textbook for the foreseeable future. In the last few years, we have only had semi-official guidance and a handful of superficial court decisions to rely on. Don’t tell anyone, but we’ve been making the rest up as we go! For ten years after the Bitcoin release, we had no authoritative legal guidance or precedent. In 2019, the UKJT’s Legal Statement concluded that crypto-tokens…

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