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NYC Bar Assoc. Proposes ‘Modernizing’ Amendments to Uniform Commercial Code Aimed at Cryptocurrencies, ‘Digital Assets’ (New York Law Journal)
New York Law Journal, February 22, 2023
NYC Bar Assoc. Proposes ‘Modernizing’ Amendments to Uniform Commercial Code Aimed at Cryptocurrencies, ‘Digital Assets’
A New York City Bar Association task force is proposing amendments to New York state’s Uniform Commercial Code, saying changes are needed in order for it to ‘effectively govern’ digital-asset transactions, such as those involving cryptocurrencies, crypto-tokens, electronic money, electronic promissory notes and bills of exchange.
