On November 4, ISDA submitted a response to the Law Commission’s consultation on digital assets.
The response notes the importance of achieving greater legal certainty and offers feedback on the Law Commission’s proposal for the law of England and Wales to recognize “data objects” as a third category of personal property.
ISDA submitted a response to @Law_Commission’s consultation on #digital assets that notes importance of achieving greater legal certainty & offers feedback on the Law Commission’s proposal to recognize data objects as a 3rd category of personal property https://t.co/1Rg9l0enZa
— ISDA (@ISDA) November 7, 2022
The response highlights certain boundary issues that should be considered when developing the precise criteria for this new category, including in relation to voluntary carbon credits.
The response also provides feedback on certain other questions relating specifically to the transfer and custody of digital assets.
Documents (1)for ISDA Response to Law Commission Consultation on Digital Assets
Source: ISDA
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