UK Law Commission launches new project to review international law approaches involving cryptocurrency disputes.
The Law Commission of England and Wales will set about reviewing private international legal challenges involving cryptocurrencies through a government-commissioned project.
The law reform project, dubbed ‘Digital Assets: Which Law, Which Court?’, will outline current international legal rules and their application to digital contexts with the purview of making recommendations for legal reform to keep United Kingdom laws relevant. The announcement highlighted that the proliferation of blockchain technology has generated a number of conflict of law issues which in turn has created legal uncertainty for users, organizations and governments.A major hurdle is considering which courts have the power or jurisdiction to hear disputes and which laws should be applied.
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