Cryptocurrency and Smart Contracts Will For Sure Enter Into Society, Says Senior UK Lawyer

One of the United Kingdom's most senior lawyers said in a speech on May 2 that cryptocurrency and smart contract use will inevitably begin, but regulations are needed.

Addressing the University of Liverpool School of Law and the Northern Chancery Bar Association, Sir Geoffery Vos, Chancellor of the High Court, dedicated time to exploring necessary changes in order for smart contracts and crypto assets to become widespread.

“My starting point is to ask why smart contracts have taken so long to become ubiquitous,” he began.

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