Bills of Exchange Act 1882: Fundamental UK legislation governing negotiable instruments and documentary credits, providing the legal framework for traditional letters of credit
UCP 600: Uniform Customs and Practice for Documentary Credits - International chamber of commerce rules governing the operation of traditional letters of credit, which need consideration for blockchain adaptation
Electronic Trade Documents Act 2023: Recent UK legislation that explicitly recognizes electronic trade documents as legally equivalent to paper documents, crucial for blockchain-based letters of credit
Financial Services and Markets Act 2000: Primary UK financial services legislation that may apply to blockchain-based financial instruments and their issuance
Electronic Communications Act 2000: Provides legal framework for electronic signatures and communications in the UK, relevant for digital document execution
Electronic Commerce Regulations 2002: Implements EU E-Commerce Directive, governing electronic transactions and digital commerce in the UK
UK GDPR: Data protection regulation governing how personal data must be handled, relevant for storing participant information on blockchain
Data Protection Act 2018: UK's implementation of data protection requirements, working alongside UK GDPR
Network and Information Systems Regulations 2018: Cybersecurity regulations that may apply to blockchain infrastructure and systems
FCA Cryptocurrency Guidance: Financial Conduct Authority's regulations and guidance on digital assets and cryptocurrencies that may affect blockchain-based financial instruments
Money Laundering Regulations 2017: Anti-money laundering requirements that must be considered in blockchain-based financial transactions
Payment Services Regulations 2017: Regulations governing payment services in the UK, relevant for settlement aspects of blockchain letters of credit
Law Commission Smart Contracts Guidance 2021: Official guidance on the legal status and treatment of smart contracts under English law
UNCITRAL Model Law on Electronic Transferable Records: International framework for electronic transferable records, providing guidance for cross-border blockchain transactions
