Digital Assets and the UCC: Article 12 Legislative Updates

New amendments to the Uniform Commercial Code (UCC) have been proposed which relate to transactions involving cryptocurrencies, digital assets, and blockchain technology. The amendments add a new Article 12 to the UCC, which is intended to modernize and clarify existing commercial law governing the transfer of property rights in digital assets, cryptocurrencies, NFTs, and other similar assets….
By: Saul Ewing LLP
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