UK: Jurisdiction Taskforce legal statement on the status of cryptoassets and smart contracts

The chair of the UK Jurisdiction Taskforce, Sir Geoffrey Vos (Chancellor of the High Court), today launched the publication by the Taskforce of a legal statement on the status of cryptoassets and smart contracts: see here (pdf).  In a speech to mark the occasion (here, pdf), Sir Geoffrey observed: "I believe that this morning is a watershed for English law and the UK’s jurisdictions. Our statement on the legal status of cryptoassets and smart contracts is something that no other jurisdiction has attempted. It is genuinely groundbreaking".