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6 Smart contracts and the legal system

Innovating Construction Law


Page 120

6

Smart contracts and the legal system

6.1 Introduction

Investors are only usually willing to part with real money with the assurance that there is a legal foundation for their engagement. Thus far, the legal uncertainty that pervades the use of cryptocurrencies and crypto-assets for financial transactions has slowed the rate of their uptake in certain sectors including construction.

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