In his Blockchain Law column, Robert A. Schwinger addresses the question of where crypto fits in among all the terms the law uses to describe concepts that relate, however closely or loosely, to money. As cryptocurrency use becomes increasingly common in commercial activity, courts have found themselves having to grapple with how to characterize this new form of asset.
For all the discussions had about cryptocurrency, a very basic question often gets ignored: Just what is it that we’re talking about when we talk about crypto? Where does crypto fit in among all the terms the law uses to describe concepts that relate, however closely or loosely, to money? As cryptocurrency use becomes increasingly common in commercial activity, courts have found themselves having to grapple with how to characterize this new form of asset.
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In July 2022 the UK Secondary Capital Raising Review published its report (Report) setting out a series of bold and wide-ranging recommendations for improving the secondary capital raising regime in the UK designed to make it quicker, more flexible, more inclusive of retail investors and more cost-effective, as well as moving towards digitisation and making better use of technology.
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This briefing forms part of a series looking in detail at the SRA’s guidance for in-house teams, issued following a thematic review of the sector, recognising the growth and importance of the in-house role and the unique pressures to which in-house solicitors can be subject.
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