UCC Article 12: The New Era of Crypto Regulation and Secured Lending
UCC Article 12 is here, and it seems to be shaking things up in the world of crypto regulation. We’re talking about a clearer legal framework for our beloved digital assets, which could change the game for how institutions engage with the crypto scene. This article will dig into how UCC Article 12 impacts secured lending practices, the hurdles it throws at crypto payroll solutions, and what startups need to keep in mind as they navigate this new regulatory maze. Buckle up; the future of crypto regulation is upon us.
The Concept of Controllable Electronic Records (CERs)
UCC Article 12 introduces something called Controllable Electronic Records (CERs). These are digital assets you can control, use, and transfer. Before this, things were a…
