snowdrops

Top Lawyer – Talk about “cryptoassets” not “digital assets”

Sir Geoffrey Vos, Chancellor of the High Court gave an interesting speech entitled “Cryptoassets as property…”. It long and I will have to read it all before I can comment more fully but one helpful remark springs from the page.

[…] the use of the terms
cryptoassets and digital assets. Nobody seems able to agree
upon which to use. I was recently told that central banks use
the term ‘cryptoassets’, but that the term ‘digital assets’ is
broader and arouses less suspicion amongst those who would
like to think that the discussion is all about Bitcoin. I shall
generally use the term ‘cryptoassets’, because it directs
attention to assets that are recorded on a distributed ledger,
and stops short of electronic data and intellectual property

So there we are. Advice from a top lawyer that does not cost £500 per hour. Talk about “cryptoassets” not “digital assets”.

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