Has The Law Commission Got It Wrong Regarding A ‘New, Third Type Of Property Asset’? Written by Dr. Stephen Castell, Founder of e-ExpertWitness.com
Update: 2023-08-31
Description
Dr Stephen Castell responds to the Law Commission's final report on digital assets, contending that the Commission has erred by proposing a new legal status for digital and crypto assets that is unnecessary and scientifically incorrect. He argues that the Commission's attempt to distinguish between different sets of algorithmic data as a new category of property is a technical fallacy and that existing Common Law can address any legal concerns. Castell warns that the proposed new property status could lead to miscarriages of justice akin to past instances such as PO Horizon, and highlights the Commission's limited understanding of technical nuances in law making.
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