UK Law Commission affirms English and Welsh laws apply to smart contracts

2021-11-27 21:15

“The Law Commission’s analysis demonstrates the flexibility of the common law to accommodate technological developments, particularly in the context of smart legal contracts,” said the announcement. origin »

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law contracts commission smart accommodate technological developments

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Источник: cointelegraph.com

law contracts → Результатов: 61

Smart Contracts Don’t Necessarily Disrupt Traditional Contract Law, Expert Argues

Smart contracts fall subject to international law, a professor of Private International Law at the Friedrich Schiller University in Germany has argued

2019-1-23 19:43	Germany
law contracts international smart private friedrich argued

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Bitcoin Is Not A Commodity Says Expert In Financial Law

Regulators have “massively” misunderstood cryptocurrencies and urgently need to alter course, an expert in international banking law has said. Tokens shouldn’t be treated as money, nor should Bitcoin (BTC) have futures contracts.

2018-12-25 22:29	US regulation
law bitcoin international commodity banking says financial

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Legal Compliance, Patents, and Smart Contracts – Interview With Law Firm Sheppard Mullin’s Blockchain Team Leader

Blockchain technology has unfolded a whole new industry and novel opportunities for business. Entrepreneurs constantly launch new start-ups, trying to apply the nascent technology to real-world applications and improve existing corporate-grade operations.

2018-12-13 16:59	blockchain
blockchain leader team legal entrepreneurs mullin new

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Mattereum: Turning Code into Law

Blockchain startup Mattereum is developing an innovative way to unlock the potential that distributed ledger technology holds – in the context of digitizing assets – in a manner that is legally recognized by the law.

2018-12-7 08:00	Smart Contracts
mattereum legally law startup blockchain company contracts

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Chinese Court: Bitcoin Is Property and Protected by Law

A Chinese Court recently ordered a company in a civil dispute to repay a misappropriated amount of cryptocurrency, setting a legal precedent for cryptocurrency-related disagreements. According to a Finance Magnates’ article published on November 5, 2018, despite China’s 2017 cryptocurrency ban, the Shenzhen Court recognized in the civil dispute that cryptocurrencies have economic value.

2018-11-7 04:00	Regulations
bitcoin cryptocurrency court civil dispute finance china

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Vitalik Buterin: I Quite Regret Adopting the Term ‘Smart Contracts’ for Ethereum

Ethereum cofounder Vitalik Buterin revealed his regret for adopting the popular term ‘smart contracts’ – a term that has become almost synonymous with Ethereum. Should Crypto Be ‘A-Legal’? Buterin weighed in on Twitter, October 11, in a discussion on ‘crypto law.

2018-10-14 12:00	vitalik buterin
ethereum buterin term a-legal vitalik should crypto

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SEC Obtains Emergency Court Order to Halt Questionable ICO

The U. S. Securities and Exchange Commission (SEC) has obtained an emergency court order issuing the stoppage of a recently planned initial coin offering (ICO) by Blockvest LLC and its founder Reginald Buddy Ringgold III, who falsely advertised that the token sale was approved by the SEC.

2018-10-12 01:12	Regulation
sec ringgold ico securities order blockvest commission

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Penn Law: Biggest ICOs not reflecting white paper promises in smart contracts

Academic study shows around 80 percent of 2017’s top 50 ICOs have not fully reflected whitepaper promises in the code of their smart contracts

2018-10-5 15:00	BNC insights
smart contracts promises icos 2017 fully code

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Federal Judge Applies Long-Established Securities Law to ICOs

Does a decades-old securities law apply to an initial coin offering (ICO)? In a case that represents the first time securities laws have been applied to cryptocurrencies, a district judge says it may.

2018-9-12 22:09	Law & justice
securities icos laws judge law two does

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How Blockchain and Law Can Work Together

Smart contracts have been said to threaten the role of lawyers. But blockchain and law can play together very well. In this article, we explain how. The post How Blockchain and Law Can Work Together appeared first on CoinCentral.

2018-9-10 15:33
law together blockchain work well coincentral very

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JAMS Leads the Way in Arbitration Innovation by Introducing Blockchain and Cryptocurrencies Practice

Alternative dispute resolution (ADR) group JAMS is trying to get ahead of the curve by launching a practice that specifically focuses on issues involving cryptocurrencies, blockchains, and smart contracts, the company announced in a press release on September 7, 2018.

2018-9-10 10:00	Smart Contracts
practice jams cryptocurrencies arbitration announced 2018 law

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Law School Professor: “Smart Contracts Can Kill”

While artificial intelligence is being touted by many as the technology that may end humankind in the not-so-distant future, little attention has been put towards how blockchain technology could contribute to a dystopian future where faulty smart contracts could wrongly interact with the Internet of Things (IoT) to the detriment of humans.

2018-9-6 13:00	Smart Contracts
technology future blockchain artificial could smart contracts

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California Passes Bill Defining Blockchain and Crypto Terms

A draft law designed to amend California’s legislation to create legal grounds for the implementation of crypto-related technologies has been passed by the state’s legislature. Assembly Bill 2658 amends the California Civil Code, Government Code, Corporations Code, and Insurance Code to legalize the use of blockchain secured data and smart contracts in local and foreign […] The post California Passes Bill Defining Blockchain and Crypto Terms appeared first on Bitcoin News.

2018-9-3 14:05	#tokens
california code blockchain bill terms passes defining

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IBM and Australian Government Partner To Create Smart Contract Blockchain For Businesses

Australia is pushing their digital economy forward with the Australian National Blockchain (ANB,) a platform for building smart contracts, as revealed via a press release. The ANB is the result of a collaboration between IBM, CSIRO’s Data 61, and the Herbert Smith Freehills law firm.

2018-8-31 23:42	Cryptocurrency News
blockchain australia smart anb ibm businesses australian

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Australian Businesses Will Now Use IBM-Powered Smart Legal Contracts

IBM has had a few experiences in handling blockchain-based projects in Australia. This time, it is partnering with a law firm, Herbert Smith Freehills, to create a blockchain solution that will bring Australian businesses on-board with smart contracts.

2018-8-30 20:59	blockchain
australian blockchain smart contracts businesses ibm-powered legal

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Australia Builds Smart Contract-Powered Legal Platform for Businesses Nationwide

The Australian National Blockchain (ANB) is a platform designed to help Australian companies exchange data and confirm the authenticity and status of legal contracts through a blockchain-based smart legal contract platform.

2018-8-30 18:00	Smart Contracts
platform legal australian smart consists data61 csiro

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Bringing Real World Value onto the Blockchain with OpenLaw and ChainLink

Open Law and ChainLink are teaming up to bring real-world valuations of smart contracts to the digital space according to August 14, 2018, reports. Capitalizing on the Blockchain ChainLink is a blockchain platform which allows smart contracts to access off-chain assets like APIs, traditional banking payments, and data feeds.

2018-8-19 14:00	Smart Contracts
blockchain chainlink openlaw contracts smart traditional onto

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Stripped Down Version Of Ohio Blockchain Bill Signed By Governor

An Ohio bill affirming the legal status of blockchain signatures and contracts has become law in Ohio.

2018-8-6 20:54	law and legislation
ohio blockchain bill signatures status contracts legal

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Yes, Stablecoins Can Secure Official Audits from Major Firms

“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken's TrueUSD is fiat-collateralized.

2018-7-26 18:55	Digital assets
tether company reiss funds trusttoken smart trueusd

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UK Law Commission Starts Blockchain Smart Contracts Research

UK Law Commission Explores Possibilities of Legal Reforms for Smart Contracts In accordance to the Law Commissions Act 1965 section 3(3), the UK Law Commission presented its detailed annual report for the period 1 April 2017 to 31 March 2018.

2018-7-20 21:43	News
law commission legal presented contracts smart publication

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UK Law Commission To Start Research Into ‘Smart Contracts’

The legal research body’s recent report includes plans to study executable distributed code contracts.

2018-7-21 21:36	law and legislation
contracts research code includes report plans study

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Growing Usage of Blockchain Smart Contracts Fosters Review of UK Laws

The British Law Commission will research how domestic laws apply to distributed ledger technology-based contracts.

2018-7-20 20:58	News
contracts laws research domestic technology-based ledger distributed

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UK Legal Commission to Review ‘Competitive’ Legal Violations in Smart Contracts Era

The U. K. Law Commission will review legal frameworks to ensure that British courts remain a “competitive” choice for businesses that use smart contracts. The Law Commission was established in 1965 with the main tasks of monitoring the laws of the U.

2018-7-20 20:31
commission smart legal era contracts law competitive

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UK Law Commission to Review Legal Frameworks to Remain ‘Competitive’ in Era of Smart Contracts

The U.K. Law Commission will review legal frameworks to ensure that British courts remain a “competitive” choice for businesses in an era of blockchain smart contracts

2018-7-20 16:56
competitive era remain contracts smart frameworks commission

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Blackshaw is studying legal reforms in the UK to use smart contracts

The U. K. Law Commission, an independent agency set up by the U. K. parliament to propose legal reform actions, is starting a research project on law reform to bring clarity in the current system for using blockchain-based smart contracts.

2018-7-20 11:28
smart contracts law commission reform legal blockchain-powered

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UK Begins Research on Law Reform for Use of Blockchain Smart Contracts

The U.K. Law Commission has launched research looking at reforms that would clarify the use of blockchain-based smart contracts under British law.

2018-7-20 09:00	Original
law smart contracts use research reforms clarify

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Op-Ed: Bitcoin’s Roots in the Great Law of Peace

Bitcoin, in its nine years of existence, has steadily gained traction, defining itself as a new digital gold. Early adopters of this technology have shown excitement for the potential of this inflation-proof sound money.

2018-7-14 00:48	Adoption & community
peace money iroquois bitcoin law tree nations

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The Genesis Files: With Bit Gold, Szabo Was Inches Away From Inventing Bitcoin

As his Hungarian parents had fled post-war Soviet regime to settle in the United States, Nick Szabo came to call the Californian Bay area of the 1990s his home. Here, he was among the first to frequent the in-person “Cypherpunk” meetings organized by Timothy May, Eric Hughes and other founding members of the collective of cryptographers, programmers and privacy activists centered around the ’90s mailing list of the same name.

2018-7-13 17:16	Bitcoin
szabo gold bit hash bitcoin system money

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Control of Highly Demanded Crypto Classes May Spark Turf War at Universities

Can only a law professor teach about smart contracts? Universities have faced several challenges with adding crypto classes to their curriculum such as a scarcity of knowledgeable lecturers and an ecosystem that develops much faster than they can reprint books.

2018-6-20 22:37
universities crypto classes control demanded spark turf

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Bitcoin Magazine’s Week in Review: Looking Back to See the Way Ahead

It’s been a turbulent time for the cryptocurrency markets, so now is a good time to reflect on how and why we got here in the first place. First, an op ed makes the ideological case for Bitcoin.

2018-6-16 04:35	Bitcoin
bitcoin tether exchange cryptocurrency dai crypto misconceptions

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New Coinbase Additions: Ethereum Classic and Crypto Index Fund

Coinbase dominated headlines across the space this week with a pair of significant developments. The San Francisco–based exchange announced on Monday, June 11, its intention to add Ethereum Classic to its trading platform and then quickly followed the news on Tuesday with the official opening of a crypto index fund.

2018-6-14 01:32	Startups
ethereum coinbase classic fund index etc when

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From Chatroom to Classroom: The Evolution of Blockchain Education

With the creation of Bitcoin and its blockchain, Satoshi Nakamoto introduced an entirely new practical application for cryptography, unearthing an unexplored area for computer science and technological development.

2018-6-11 17:04	Adoption & community

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On Radical Markets

Recently I had the fortune to have received an advance copy of Eric Posner and Glen Weyl’s new book, Radical Markets, which could be best described as an interesting new way of looking at the subject that is sometimes called “political economy” - tackling the big questions of how markets and politics and society intersect.

2018-7-21 04:03
property markets one could value even people

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Ethereum Pioneer's New 'Time Machine' Makes Transactions Conditional on Future Events

The new platform, called the “Ethereum time machine,” extends Ethereum’s programming capabilities by allowing smart contracts to execute transactions based on uncertain or not-guaranteed future events.

Ripple Will Soon Add Ethereum Compatible Smart Contracts to XRP Ledger

The contracts will exist on a sidechain built on XRPL, developers said in a Tuesday post.

Cardano Sees Massive Growth in Smart Contracts as ADA Bulls Target Triumph Over Ethereum

Cardano, known for its innovative blockchain platform, has been experiencing a remarkable surge in smart contracts, particularly within the Plutus V2 framework.

Stellar Starts Phased Rollout of 'Soroban' Smart Contracts

The "Protocol 20" upgrade, which adds support for Ethereum-style smart contracts to the decade-old payments-focused blockchain, had been delayed by three weeks due to precautions after a bug was found.

Fantom Foundation awards $1.7M bounty for preventing $170M drain

In the aftermath of Fantom’s $550,000 hack in October, a security researcher found that the attacker could have stolen as much as $170 million.

Why the service industry needs blockchain, explained

The service industry needs blockchain for enhanced security, transparency and efficiency in managing transactions, contracts and customer data.

European Parliament approves controversial Data Act, which may require kill switches on smart contracts

The European Parliament said on Nov. 9 that it has voted in favor of a Data Act that will set out rules in various areas, including smart contract development. The current announcement says that the act has been adopted with 481 votes in favor and 31 votes against, with 71 abstaining votes.

2021-11-27 21:15

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