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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 Justice Minister Heidi Alexander, this bill addresses legal uncertainties around digital assets, ensuring better protection for owners in fraud cases and disputes. It also positions … Read more
The Law Commission’s final report urges UK government to reclassify crypto assets, addressing current legal gaps. Go to Source
The Law Commission’s final report advocates for legal reforms to better protect the unique features of digital assets. Go to Source
The Law Commission’s recommendations highlights the need to clarify whether cryptocurrency lending falls under existing financial collateral regulations. Go to Source Powered by WPeMatico
The U.K.’s Law Commission highlights four major recommendations to reform laws relating to cryptocurrency use and ownership. Go to Source Powered by WPeMatico
The legal review authority will work to compile law reform proposals for public consultation in the second half of 2023. Go to Source Powered by WPeMatico
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 reviewed. Reforming the laws will not only protect the rights of users and maximize the potential of digital assets but can potentially position England and … Read more
The law commission established by the order of the Indian government has issued a report recognizing cryptocurrency as a means of payment. This is reportedly the first time that a body appointed by the government admitted cryptocurrencies have value and can be used in transactions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Government-Appointed Body … Read more
