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Bitcoin, stablecoins, non-fungible tokens a/k/a NFTs, and even digital currency exchanged in the “metaverse” are now included in security agreements, asset purchase agreements, and mortgages.
State legislatures across country are working to approve much anticipated Article 12 to Uniform Commercial Code UCC, time to prepare for transactions with cryptocurrencies and non-fungible tokens NFTs as collateral. UCC amendments is the concept of controllable electronic records.