November 10, 2021 · 1 min read
The Novum Insightful Ep.12 - Crypto Legality
The crypto asset class is still relatively new. It’s not uncommon for crypto startups to find themselves in tricky situations as a result of complex and constantly evolving legal definitions. As partner at gunnercooke LLP James Burnie states on this week’s episode:
The question for the UK jurisdiction is do we want to be able to do anything and have high associated risk, or do we want to be highly regulated - and the perception is that we’re heading towards something in the middle.
Many consider legal definitions for certain crypto assets to be yet undefined. James however believes that in many cases, it has already been defined in existing legislation.