UNITED KINGDOM LEGAL STATEMENT ON CRYPTOASSETS AND SMART CONTRACT

John Dean Markunas November 19, 2019

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From the UK Jurisdiction Taskforce, a 64-page publication on the status of cryptoassets and smart contracts.

The objective of the attached Legal Statement is to provide the best possible answers to the critical legal questions under English law.

It covers these issues and much more:

– Cryptoassets as property

– Ownership and transfer

– Possession and action

– Security

– Insolvency

– Transferability and negotiability

Below is the link to my Linkedin posting with the Legal Statement available in pdf format:

This paper is supposed to go a long way towards providing much needed market confidence, legal certainty and predictability in areas that are of great importance to the technological and legal communities.

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John Dean Markunas

Principal Consultant at Power of Chain Consultancey. Blockchain real estate industry advisor and business development consultant with a focus on improving global land registries, cadastral and land governance through thoughtful use of blockhain technologies. Member of FIBREE (Federation of International Blockchain and Real Estate Expertise). NYC Chapter Co-chair. Leader of GBA's Land Titling Working Group providing education, advising and blockchain implementation guidance to land registry and recording offices. Email: jmarkunas@PowerOfChain.com

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