6RYTBVRNWRN7FGDXL737UHXOOM Crypto assets need a boost from the law, UK legal body says

Crypto assets need a boost from the law, UK legal body says

The Law Commission of The UK has proposed The creation of a new category of private property Law for digital assets such as cryptocurrencies.

– This new category would provide greater consistency and protection for users of digital assets, and promote an environment that is able to encourage further technological innovation.

– The proposed category would apply to assets that are composed of electronic data and meet other criteria, such as only being used by one person at a time.

– The UK government is currently consulting on The proposal.

 

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