I am trying to find simple, layman understandable, UK laws on operating an escrow service.
I am making the assumption that the UK laws that apply to Fiat currencies (ie UKPOUND) will also apply to BTC escrows.

I would be very grateful if anyone could provide me some basic details or point me in the right direction.

In addition, if the escrow service was offered worldwide, would this mean other countries regulations/laws would also apply (or be wise to abide by)?

Thanks
Ford