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United Kingdom Cryptocurrency Personal Property

Skadden, Arps, Slate, Meagher & Flom LLP

UK Government Introduces Bill To Clarify the Legal Status of Digital Assets

On 11 September 2024, the UK government introduced the Property (Digital Assets etc) Bill, which provides that digital assets can be considered to be personal property under the laws of England and Wales, and could therefore...more

BCLP

Unpacking the Law Commission's Digital Assets Consultation

BCLP on

On Feb. 22, the U.K. Law Commission launched a consultation on the Property (Digital Assets etc) Act 2024, a draft legislation that confirms the existence of a third category of personal property. Given the current model...more

A&O Shearman

Law Commission Publishes Consultation on Digital Assets as Personal Property

A&O Shearman on

The Law Commission, a U.K. body which makes suggestions for legislative reform, is consulting on wording for a possible draft piece of legislation establishing a third category of personal property that would encompass...more

Proskauer - Blockchain and the Law

From cryptic to (some) clarity: English law and policy rising to the challenge of cryptoassets (Part 1)

Sir Geoffrey Vos, the Master of the Rolls, wants English law to be at the forefront of developments relating to cryptoassets and smart contracts. In his thought-provoking foreword to the government-backed UK Jurisdictional...more

Orrick - On the Chain

English High Court Recognizes Cryptoassets to be a Form of Property: Considerations Following AA v Persons Unknown

Orrick - On the Chain on

On January 17, In AA v Persons Unknown [2019] EWHC 2556 (Comm), the Commercial Court held that a cryptoasset such as Bitcoin is a form of property capable of being the subject of a proprietary injunction. ...more

White & Case LLP

Status of cryptoassets and smart contracts under English law

White & Case LLP on

On 18 November 2019, the UK Jurisdiction Taskforce published an authoritative statement on the legal status of cryptoassets and smart contracts under English law. This is a leading development for the legal, business and...more

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