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UK Jurisdiction Taskforce publishes Report on Control of Digital Assets
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This article reviews the UK Jurisdiction Taskforce’s Report on Control of Digital Assets (the Report). Certain digital assets fall into the new third category of property enabled by the entry into force of the Property (Digital Assets etc) Act 2025. For these digital assets, “control” is a key concept, analogous to possession for tangible property. The Report is a factual reference describing control intended for use by legal practitioners to develop legal rules governing digital assets. It highlights distinctions between control of traditional accounts and control of blockchain-based assets. Building on this distinction, it lists various modes of control, such as shared and delegated control and control via smart contracts, through the addition of successive layers of complexity.
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