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#92 - Explaining the 2022 UCC Amendments, with Professor Carla Reyes

Law of Code

CHAPTER

The Risks of Bitcoin Integration

In article nine, the money can only be perfected by possession. This is like cash dollar bills you can hold in your hand. It's impossible to perfect by possession intangible things. The amendments create a new method of control because there is no method of perfection for that other than holding it on an electronic record. They provide free rules for electronic money and better ones for Electronic Money. And so Bitcoin gets treatment as a controllable electronic record.

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