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New UCC Article 12: Foreseeable Issues with Using Cryptocurrencies and NFTs as Collateral

New UCC Article 12: Foreseeable Issues with Using Cryptocurrencies and NFTs as Collateral | JD Supra

Now that state legislatures across the country are working to approve the much anticipated Article 12 to the Uniform Commercial Code (UCC), it is time to prepare for transactions with cryptocurrencies and non-fungible tokens (NFTs) as collateral. 1 At the heart of the UCC amendments is the concept of “controllable electronic records” (CER), which will normally include cryptocurrencies and NFTs.








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