UK Jurisdiction Taskforce consultation on Digital Assets and English Insolvency Law

IPA Insolvency Practitioner newsletter, October 2023

The UK Jurisdiction Taskforce (UKJT), which comprises senior judges, lawyers, a law commissioner and the FCA as an observer, is running a consultation on dealing with digital assets, for example cryptocurrency and non-fungible tokens (NFTs).

Once the consultation has closed and the results have been considered, it is intended that the Legal Statement on Digital Assets and Insolvency Law will be published in early 2024. It will then be possible to see whether any further steps are necessary or appropriate.

The UKJT will also be hosting a virtual consultation event in order to receive feedback on the consultation questions. This will take place on Tuesday 28 November. The UKJT will provide further detail in due course.

The consultation is open until Monday 4th December. Access the consultation document here.