On Monday, a UK Jurisdiction Taskforce of the Lawtech Deliver Panel published a 46-page legal statement which said: Cryptoassets, including but not restricted to, virtual currencies, can be treated in principle as property [“¦] smart contracts are capable of satisfying the requirements of contracts in English law and are thus enforceable by the courts. Statutory requirements for a signature can be met by techniques such as private key encryption The statement and document was made after a consultation period was devised to get some clarity on the digital asset and blockchain industries. Sir Geoffrey Vos, chancellor of the High Court, also commented saying the initiative was “a watershed for English law and the UK’s jurisdictions. No other jurisdiction has attempted anything like it.” He went on to say: Other jurisdictions have addressed the problem differently, starting with regulations and remedies, and worked backwards [“¦] There is no point in introducing regulations until you understand the legal status of the asset class you are seeking to regulate FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Facebook’s Libra team announce huge testnet logs of over 51,000 transactions FX Street 3 years On Monday, a UK Jurisdiction Taskforce of the Lawtech Deliver Panel published a 46-page legal statement which said: Cryptoassets, including but not restricted to, virtual currencies, can be treated in principle as property ["¦] smart contracts are capable of satisfying the requirements of contracts in English law and are thus enforceable by the courts. Statutory requirements for a signature can be met by techniques such as private key encryption The statement and document was made after a consultation period was devised to get some clarity on the digital asset and blockchain industries. Sir Geoffrey Vos, chancellor of the High Court,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.