In this article, the authors consider the benefits of, and legal issues with, Exchange 4.0, a model that addresses current questions about how distributed ledger technology (DLT) can change market infrastructure, clearing, settlement and custody systems.
1 MAR 2022In this article Lodewijk Van Setten questions the recommendation by the Law Commission in its recent Digital Assets Consultation Paper for a third category of personal property under English law called “data objects”. He suggests that the reconceptualization of the concept of property is not necessary and recommends a more constrained approach.
1 FEB 2023In this article the author considers how to delineate the regulatory perimeter in relation to DeFi platforms. He considers where the line is to be drawn between a platform that is essentially a CeFi platform that uses smart contract components to provide virtual asset services, and DeFi proper, where the originators of the set of smart contracts are merely developing and deploying software as a public utility.
1 NOV 2023