Search Results for digital assets

New recommendations for reform and development of the law on digital assets to secure UK’s position as global crypto hub

The Law Commission of England and Wales has today published recommendations for reform and development of the law relating to digital assets. Digital assets – which include crypto-tokens (sometimes referred to as ‘cryptocurrencies’) and non-fungible tokens (NFTs) – are used for an increasing variety of purposes in modern society, such as for investment, for making … Read more >

Law Commission to review how private international law applies to digital assets and other emerging technology

The Law Commission of England and Wales has launched a Government-commissioned review that aims to provide clarity on how private international law rules can apply to emerging technology, such as digital assets and electronic trade documents. The Commission’s new law reform project, Digital assets: which law, which court?, will consider the private international law challenges … Read more >

Digital assets: Your views on a new legal framework

Public consultation event You are invited to our virtual public consultation event, Digital assets: Your views on a new legal framework, which will provide members of the public with an opportunity to discuss the Law Commission’s digital assets consultation paper. We are seeking written responses from as many consultees as possible before 4 November 2022. … Read more >

Law reforms proposed for digital assets, including NFTs and other crypto-tokens

The Law Commission of England and Wales has published new proposals to reform the law relating to digital assets. Digital assets, which include crypto-tokens — sometimes referred to as cryptocurrencies — and non-fungible tokens (NFTs), play an increasingly important role in modern society. The emerging technologies are used for an increasing variety of purposes, including … Read more >

Project: Digital assets: which law, which court?

Project status: Pre-consultation

Read the press release here. This project was previously called “Conflict of laws and emerging technology” The problem In recent years, the Law Commission has undertaken a range of work on emerging technology, including digital assets and electronic trade documents. In each of these law reform projects, several conflict of laws issues have been identified, … Read more >

Project: Digital assets

Project status: Complete

Download the report (June 2023)   Download a summary of the report (June 2023) The problem Digital assets are increasingly important in modern society. They are used for an expanding variety of purposes — including as valuable things in themselves, as a means of payment, or to represent or be linked to other things or … Read more >

Adapting English law for the digital revolution

The Law Commission has begun work on two new projects to ensure that English law can accommodate two emerging technologies that could revolutionise commerce: smart contracts and digital assets. The Law Commission will analyse the law relating to smart contracts, to find any gaps in the law and identify reforms to ensure that the law … Read more >

Project: Decentralised Autonomous Organisations (DAOs)

Project status: Pre-consultation

The Government asked the Law Commission to produce a scoping paper which examines the description and legal status of DAOs – a new type of collective organisational structure that often uses blockchain, smart contracts or similar technology. > Read our call for evidence paper here.  > Respond to our call for evidence paper here. What … Read more >