Security interests in digital assets: the desirability and feasibility of the preparation of a uniform law by UNCITRAL

Key Points

• The aim is to explore how UNCITRAL can develop a uniform law on security interests in digital assets.
• Review of existing soft-law texts related to digital assets and security interests.
• Analysis of the potential updates needed for the UNCITRAL Model Law on Secured Transactions.
• Identified gaps in current legal frameworks for digital and electronic assets.
• Suggested specific updates to the Model Law to better accommodate these asset types.