The UK proposes to classify BTC and Non-fungible Token and other encryption assets as personal property

robot
Abstract generation in progress

Golden Finance reported that the UK government proposed a milestone initiative in Parliament on Wednesday, aiming to clarify the legal status of digital assets (including Bitcoin, other cryptocurrencies, and Non-fungible Tokens) as personal property under the laws of England and Wales. Once the bill is passed, it will create a third category of personal property, surpassing the current classifications of 'real property' and 'personal property'. This new category will encompass certain digital assets and provide them with clear legal recognition and protection. Attorney General Heidi Alexander said that the law must keep pace with evolving technology, and this legislation means that the industry can maintain its global leadership in the field of encryption assets and bring clarity to complex property cases.

BTC1.57%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)