* The UK Jurisdiction Taskforce of the Lawtech Delivery Panel published a legal statement on Monday (Nov. 18), saying that crypto assets should be recognized as "tradable property" under English and Welsh law. The statement also included the definition for smart contracts as "enforceable agreements" under English law.
The statement is expected to provide a solid foundation for the mainstream adoption of crypto assets and smart contracts in the UK, and potentially give a boost to companies working in the crypto industry.
The UK LawTech Panel released a statement concerning crypto, DLT and smart contracts https://t.co/UxUVnfoRdd— Cointelegraph (@Cointelegraph) November 18, 2019
* Maksim Zaslavskiy, the first person in the US to be convicted of running fraudulent ICOs, has been sentenced to 18 months in prison. Zaslavskiy pleaded guilty to conspiracy to commit securities fraud after running two scam ICOs, both of which were advertised as being backed by collateral - diamonds and real estate. Zaslavskiy lured in over 1,000 investors who invested at least $300,000 in the scam ICO during the summer of 2017. While he attempted to refund the investors, PayPal reportedly froze his accounts over concerns that payments were made with stolen or fraudulent credit cards.
This Daily Dose is once again brought to you by our partner SCI News Channel.