UK Proposes Bill to Classify Crypto as Personal Property

UK Proposes Bill to Classify Crypto as Personal Property

The United Kingdom is moving to clarify the legal standing of cryptocurrencies under a new bill presented to Parliament. This legislation seeks to formally recognize digital assets, such as cryptocurrencies, non-fungible tokens (NFTs), and tokenized real-world assets, as personal property under English law. The proposal introduces a new legal category called "things in possession," designed to safeguard owners of blockchain-powered assets fro...

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