Wyoming’s Digital Assets Amendments: Marked Out or Missed Out? A Review of Recent Amendments to Article 9 of the Wyoming UCC

Wyoming’s Digital Assets Amendments: Marked Out or Missed Out? A Review of Recent Amendments to Article 9 of the Wyoming UCC

Publication

An article by Rob Isham, published by Business Law Today on October 1, 2019. 

Excerpt: Wyoming has taken the lead in updating its version of Article 9 of the Uniform Commercial Code to provide new commercial law for blockchain technology and virtual currency. Wyoming’s approach offers benefits to market participants looking to perfect a security interest in assets created through blockchain technology, but its revisions are far from comprehensive and do not integrate into existing commercial law norms with respect to the perfection and priority of security interests. This article will provide a brief overview and analysis of the amendments to Article 9 of the Wyoming Uniform Commercial Code with respect to perfection and priority and will highlight issues market participants may wish to consider prior to taking advantage of the Wyoming amendments. Read the full article.

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