UK Wants New Form of Property For Bitcoin — Bitcoin Magazine

Please fol­low and like us:
Pin Share

The Law Com­mis­sion of Eng­land and Wales, an inde­pen­dent con­sul­tant firm for legal reform orig­i­nal­ly com­mis­sioned by the par­lia­ment, has pro­posed a new cat­e­go­ry of prop­er­ty to encom­pass dig­i­tal assets such as bit­coin in a 549 page pro­pos­al.

How could this change the way the Unit­ed King­dom inter­acts with and rec­og­nizes bit­coin, and why was it necessary?

In the UK there are cur­rent­ly two rec­og­nized forms of prop­er­ty: things in pos­ses­sion, and things in action.

Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published.