The stunning collapse of FTX has proven a pivotal moment for digital assets; a wake-up call to quickly mature. It will no doubt pave the way for much deeper regulation—but this can only effectively happen with a cohesive legal theory and framework to support these “things”.
The Law Commission’s ground-breaking digital assets’ consultation paper is hugely welcome with its definition of a new category of personal property: a “data object”. It is imperative that stakeholders in the digital assets world now come together and build on this groundwork to develop and refine this “data object” in law to create a trusted, scalable digital asset economy.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]