LNB News 15/01/2025
Document Information
Issue Date: 15 January 2025
Published Date: 15 January 2025
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
The Law Commission has published a document addressing frequently asked questions (FAQs) about digital assets in private international law, with a particular focus on their relationship to tax law, banking regulation and financial markets. This follows the Commission’s Call for Evidence in February 2024 and precedes an upcoming Consultation Paper on law reform proposals. The document aims to clarify how approaches to digital assets by revenue authorities, regulatory bodies and commercial practices may diverge from private international law. It also addresses concerns surrounding tokenised securities and linked assets in commercial contexts. The document was prepared by members of the Commercial and Common Law team at the Law Commission. It has not undergone peer review by Commissioners and is not an official Law Commission publication.
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