This consultation sought views on options for possible legislative changes to Scots private law to clarify the status of digital assets as property.

Any future reforms would be for the purpose of delivering change to provide greater legal certainty for businesses including those investing in digital assets, for technology and financial start-ups, as well as for the legal sector.

R3 response

Whilst R3 did not formally submit its own response to the consultation, we did declare the support of R3’s Scottish Technical Committee for the material relating to insolvency in Question 13 contained within the response submitted on 4 February 2025 by Dr Alisdair MacPherson, Professor Burcu Yüksel Ripley, Dr Jonathan Ainslie, Dr Chike Emedosi, Professor Donna McKenzie Skene and Dr Euan West. They are all members of the Centre for Commercial Law and/or the Centre for Scots Law at the University of Aberdeen. 

The response can be downloaded below.