This is an interestingarticle https://www.withersworldwide.com/en-gb/insight/ISDA-using-digital-asset-clearing-and-dlt-technical-advances-and-international-legal-issues
It discusses the legalissues regarding the legal jurisdiction for digital assets which can effectivelyspan multiple jurisdictions in the world. The article says “It is often difficult to establish which jurisdictions’ laws and regulations apply to a given application. There is a risk that transactions performed by an organisation could fall under every jurisdiction in which a node in the DLT network is situated, resulting in an overwhelming number of laws and regulations that might apply to transactions”.
It appears that theThe International Swaps and Derivatives Association, Inc. (ISDA) is attemptingto solve this important issue. I wonder if it will need to be solved before DLT clearing and settlement is implemented?
This is an interestingarticle...
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