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UK legal body recommends new property law category for crypto assets

UK law can accommodate crypto assets by creating a new category of personal property that would include digital assets, independent body the Law Commission said on Wednesday. In a report commissioned by the government, the Law Commission said digital assets such as cryptocurrencies and non-fungible tokens (NFTs) do not fit within the traditional categories of personal property. As expected, the Commission proposed adding a third category of "digital objects" to the existing categorie...
City Of United Kingdom Elizabeth Howcroft Sarah Green Norton Rose Fulbright Mark Potter
Source: yahoo.com

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