Comment on UK introduces bill that classifies crypto assets as personal property

UK introduces bill that classifies crypto assets as personal property

The United Kingdom government has introduced a bill that allows cryptocurrency and other digital holdings to be considered personal property. Before the bill was passed in Parliament on Wednesday (September 11) digital assets were not definitively included in the scope of English and Welsh property law. This meant owners of cryptocurrency like Bitcoin would be left in a legal gray area if their assets were to be interfered with.

 

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