UK Judicial Adviser: UK law should keep pace with encryption

Time:2022-01-14 Source: 947 views Trending Copy share

Professor Richard Susskind, head of the judiciary for England and Wales, has proposed the creation of an independent body to highlight areas of the law that have not kept up with disruptive technologies such as cryptocurrencies. Be

Such an agency would also promote UK law globally as the standard governing blockchain-based transactions.

Some lawyers worry that while UK law is the preferred model for finance and insurance, if the UK's legal sector cannot keep up with the pace of innovation, it will lose out to centres such as Singapore and Dubai.

Legal services contributed £29.6bn ($41bn) to the UK economy in 2019, according to professional body CityUK

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