The Emergence of Principles and Best Practices on Digital Assets: Proprietary Rights, and Enforcement

Abstract Digital assets have burst onto global markets as a new class of assets for investment, trade and finance. Their growing popularity and economic relevance have been, however, accompanied by legal uncertainties and regulatory concerns. Together with domestic and regional responses, a strong case for international harmonisation is to be made. This Paper explores the emergence of principles and best practices on proprietary rights, insolvency and enforcement as a crucial process of international legal harmonisation of rules for digital assets.