Expanding the legal foundations: UKJT consults on new rules for cryptoasset and smart contract disputes

The UK Jurisdiction Taskforce (UKJT) has publicly consulted on draft new Digital Dispute Resolution Rules that can be incorporated into on-chain digital relationships and smart contracts.

The draft rules follow on from the UKJT’s 2019 Legal Statement on Cryptoassets and Smart Contracts, which addressed the legal status of these technologies under English law and marked an important step forward in building a framework to support the development and use of new technologies (see our blog post on the legal statement).

The draft rules are the next step in the UKJT’s quest to develop the legal foundations for, and foster the industry’s confidence in, the use of new technologies…

Read more here

Source: Slaughter & May, The Lens

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