Tag Archives: cryptocurrency

Smart legal contracts: The common law can handle them

In a recent report, the Law Commission of England & Wales (Commission) has concluded that our current legal framework is able to facilitate and support the use of “smart legal contracts” without the need for legislative intervention. Distributed ledger technology …

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Cryptocurrency exchange Binance banned from operating in the U.K. by FCA

Cryptocurrency exchange Binance has been banned from operating in the U.K. by the Financial Conduct Authority, in the latest sign of a growing crackdown on the crypto market around the world. The FCA said  that Binance Markets Limited, the U.K. …

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Fraud and asset recovery in the crypto space

The largely unregulated nature of the cryptocurrency space has, on occasion, made it a target for fraudsters. However, a recent High Court decision might assist victims to recover stolen cryptocurrency and other digital assets. The Claimants had been induced to …

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A webinar update on the latest legal and regulatory changes in crypto

In this webinar, recorded live in May 2020, we discuss the latest legal and regulatory changes in the crypto space, including the Law Tech Delivery Panel’s Legal Statement on Crypto Assets and Smart Contracts, and Crypto Currency manipulation. As well …

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Crypto assets & smart contracts: a legal & regulatory update

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Court confirms status of cryptoassets as ‘property’

The claim followed an instance of blackmail using malware by the first defendant (persons unknown) against the claimant (a Canadian insurance company). The first defendant demanded a ransom of Bitcoin and the Applicant (the Claimant’s UK insurance provider) paid the …

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How are your cryptoassets taxed?

Cryptocurrency has been firmly brought under Benjamin Franklin’s two certainties of life as HMRC published a revised guidance on cryptoassets on 20 December 2019. It came in the form of two documents ‘Cryptoassets: tax for individuals’; and ‘Cryptoassets: tax for …

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Cryptocurrencies enlisted in the sanctions war

The use of sanctions against Russia and Iran is not a new development in the fight to curb their respective rogue geopolitical initiatives, but sanction use has certainly been on the increase in the past two years. In response, those …

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