Multi-sig, Ecclesiastes and the biggest pot of coffee in the world
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Quick Take
- There’s little existing precedent addressing liability of key holders to a multi signature contract
- Recent FinCEN guidance provides some insight into MSB obligations of wallet providers
- Future courts adjudicating cases will find answers by reasoning from analogy and potentially looking at cases involving safes and keys
One of the more interesting conversations I had during Berlin Blockchain Week involved multi-sig contracts and legal liability of key holders. It’s a bit of a trick box, and one without a lot of direct caselaw on point. As I suspected, if you go to Lexis and search for cases that use the word “multi-sig”, […]
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