INTRODUCTION
Following the legal statement of the United Kingdom Jurisdiction Taskforce, and the High Court decision in AA v Persons Unknown, it is now commonly accepted that cryptoassets are property. Cryptoassets are digital assets that depend on cryptography and distributed ledger technology (DLT) to memorialise and track transactions. DLT, also called blockchain, is a type of technology that enables the operation and use of a sharable, distributed, synchronised and decentralised database in a network of varied participants. Cryptoassets are a new type of digital asset with a short history of fewer than 15 years. Given this relatively brief history, the understanding of cryptoassets is far from enough …
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Jiabin Lai, ‘Possession of cryptoassets’ [2023] Journal of Business Law (1) 41-62.
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