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Law Commission of England and Wales releases draft legislation to classify cryptocurrencies as property

CointimeCointime2024/02/22 11:44
By:Cointime

The Law Commission responsible for reviewing and proposing amendments to the laws of England and Wales has issued a consultation on a legislative proposal to classify cryptocurrencies as property. The independent statutory body's report on digital assets last year showed that cryptographic tokens and non-fungible tokens can attract property rights. Responses are required by March 22.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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