The Commission

<p>The post <a href="https://coinpedia.org/crypto-live-news/uk-legal-body-submits-crypto-asset-classification-bill/">UK Legal Body Submits Crypto Asset Classification Bill</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The Law Commission of England and Wales has submitted a groundbreaking proposal to the government, urging the creation of a new category of personal property specifically for crypto assets. The Commission has proposed the establishment of a “third category” of personal property which aims to ensure that property rights related to digital assets are clearly defined and enforceable. Accompanying the proposal is a draft bill that calls for the separate categorization of crypto assets. The government is currently reviewing the Law Commission’s recommendation and the proposed legislation.&nbsp;</p>

UK Legal Body Submits Crypto Asset Classification Bill

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