The President of the UK High Court urges the legal profession to define cryptographic assets to advance relevant legislation

Sir Geoffrey Vos, Dean of the UK High Court, said in a recent speech that there is no end-to-end smart legal contract in financial services or any other field, and the problem is attributed to the lack of trust among mainstream investors because of cryptocurrency and The use of cryptographic assets is full of legal uncertainty. He also said that it is first necessary to determine whether the cryptographic assets are property under British law. If not, you need to consider a quick and simple legislative path. In addition, he also called on the British legal community to establish a foundation as soon as possible, because it is expected that there will be trillions of smart legal contracts each year.