While the updates to the UCC address the certainty of commercial transactions involving crypto, the UCC does not address other substantive law that might affect these assets; look elsewhere for clarity as to securities and commodity regulation, intellectual property, tax, sanctions, anti-money laundering or the rights of digital exchange customers. Article 12 creates defaults and gap fillers, so parties can transact under a common set of rules without having to negotiate complex agreements in the course of their transactions.
Related posts
-
ICE’s crypto marketplace Bakkt exploring sale
Crypto warehouse Bakkt is reportedly exploring a potential sale amid increased crypto-related takeover activity. Bakkt, a... -
Inverted Hammer Appears On The XRP Price Chart, Crypto Analyst Picks First Target Of $0.75
Crypto analyst Egrag Crypto has revealed a bullish pattern that recently formed on the XRP price... -
The Crypto Open Patent Alliance Seeks 85% Of Costs Paid in Craig Wright Case and for Wright to Be Prevented From Taking Others to Court
“What if Dr. Wright sent an email to a medical professional asserting he was Satoshi –...