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The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by…
The Law Commission’s recommendations highlight the need to clarify whether cryptocurrency lending falls under existing financial collateral regulations.
The U.K.’s Law Commission highlights four major recommendations to reform laws relating to cryptocurrency use and ownership.
The legal review authority will work to compile law reform proposals for public consultation in the second half of 2023.
According to the Law Commission, the United Kingdom statutory body, digital assets play an increasingly important role in modern society and as such, the law relating to these must be…