On 17 October 2023, the UK Jurisdiction Taskforce (UKJT) published a consultation on digital assets and English insolvency law with responses due by 6 December 2023. Clifford Chance's insolvency and financial regulatory experts have responded to the consultation, highlighting the flexibility in the existing English law approach and the benefits to be gained from the work of the UKJT and others (including the Law Commission, UNIDROIT, HM Treasury, the Financial Conduct Authority and the Bank of England) in matters such as characterisation of digital assets, choice of law and jurisdiction, regulatory issues, stability, and confidence in financial markets more generally.

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