kaal:claim:2992962-011

Uniform Law Commission style registration of virtual currency businesses may give courts more information about registered businesses, but jurisdiction over the parties to a smart contract remains largely elusive because smart contracting is distributed and global.

Source quote, verbatim
Courts may be able to obtain more information about registered businesses under the uniform laws but jurisdiction over the parties to a smart contract will still largely be elusive given the distributed and global nature of smart contracting.
From

Wulf A. Kaal, Craig Calcaterra, Crypto Transaction Dispute Resolution (2017), b) Uniform Law Commission Regulating Digital Currency Businesses, p. 34
https://ssrn.com/abstract=2992962 · source PDF

Cite as

Wulf A. Kaal, Craig Calcaterra, Crypto Transaction Dispute Resolution (2017). SSRN: https://ssrn.com/abstract=2992962

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Classification

failuresupport: arguedfailure: registration-does-not-yield-jurisdictionfamily: jurisdictional-conflictlaw-and-legal-systemssmart-contracts

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