UK Law Commission expects 'substantial impact' from digital asset law review
Legal jurisdictional issues relating to cryptocurrencies and digital assets have necessitated a law reform project sponsored by the Ministry of Justice.
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Legal jurisdictional issues relating to cryptocurrencies and digital assets have necessitated a law reform project sponsored by the Ministry of Justice.
The Law Commission of England and Wales will explore legal proceedings from other countries to create its own crypto-based legal reforms (Read More)
The legal review authority will work to compile law reform proposals for public consultation in the second half of 2023.
The proposal from England’s Law Commission outlines a new form of property for digital assets, custodial operations, and a framework for legal proceedings.
A lawyer leading the United Kingdom’s Law Commission’s review on the application of British laws towards digital assets has stressed the need for further clarity around cryptocurrency lending. Laura Burgoyne unpacked the details of the organization’s four major recommendations to the U.K. government in an interview with Cointelegraph. This comes after a lengthy review process [...]
The post Clarity needed on crypto lending regulations – UK Law Commission appeared first on Crypto Breaking News.
The U.K.’s Law Commission highlights four major recommendations to reform laws relating to cryptocurrency use and ownership.
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