FUSANG SUPPORTS OXFORD UNIVERSITY DIGITAL ASSETS PROJECT
HONG KONG / LABUAN / SINGAPORE, 20 FEB 2019 — Fusang is proud to support the Oxford University Digital Assets Project, at Oxford University's Commercial Law Centre.
The Digital Assets Project brings together some of the most prominent academics and legal minds from around the world. The first workshop considered how to map the landscape of legal issues within a tripartite framework: issues relating to the property aspects of digital assets, those relating to the holding of digital assets through custodians, and the surrounding regulatory issues.
The second workshop involved international collaborations with groups such as UNICITRAL and the Law Commission for England and Wales, with an examination of the jurisdictional issues surrounding the law of digital assets.
The Digital Assets Project has also recently produced an English translation of the landmark Mt Gox bitcoin insolvency decision in Japan. The decision was significant as it is one of the few judicial pronouncements worldwide to deal with the nature of bitcoin as property. In the Mt Gox decision the Japanese court decided that as bitcoin was not property, and could not be the subject of ownership, none of the claimants could recover any of their bitcoin. The decision drives home our belief that asset owners need to think carefully through custodial relationships.
ABOUT FUSANG GROUP
Fusang Group was established in 2015 and is dedicated to providing Asian markets with institutional financial infrastructure for the digital asset economy. With offices in Hong Kong, Malaysia, and Singapore, the team works to fulfill its mission of serving investors in a secure, compliant and convenient way.
ABOUT FUSANG VAULT PTE. LTD.
Fusang Vault Pte. Ltd., a subsidiary of the Fusang Group, offers institutions and accredited investors a proprietary digital custody solution. Leveraging over 30 years’ experience in the institutional custody and trustee space, Fusang Vault is your professional asset servicing partner. For more information, visit https://www.fusang.co/vault.
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