The Chancellor of the High Court, Sir Geoffrey Vos, at the Guildhall.

The Chancellor of the High Court and Chair of the UK Jurisdiction Taskforce, Sir Geoffrey Vos, has launched the LawTech Delivery Panel'sstatement on Cryptoassets and Smart Contracts (external link, opens in a new tab)at the Guildhall in London.

Speaking at the launch, he said: "I believe that this morning is a watershed for English law and the UK's jurisdictions.  Our statement on the legal status of cryptoassets and smart contracts is something that no other jurisdiction has attempted.

"The objective, of course, is to provide much needed market confidence and a degree of legal certainty as regards English common law in an area that is critical to the successful development and use of cryptoassets and smart contracts in the global financial services industry and beyond."

Sir Geoffrey's speech can be read in full below.