News with the tag "Law Commission"

The Law Commission's final report urges UK government to reclassify crypto assets, addressing current legal gaps.

The Law Commission's final report advocates for legal reforms to better protect the unique features of digital assets.

The UK Law Commission scoping paper suggested legal reforms for DAOs, a review of the Companies Act and international cooperation on AML and tax frameworks.

The Law Commission of England and Wales initiated a consultation on proposed legislation to classify cryptocurrencies and NFTs as property.

The Law Commission, responsible for scrutinizing and suggesting legal reforms in England and Wales, has initiated a significant consultation process regarding classifying cryptocurrencies as property. This move is part of its broader examination of digital assets and electronic trade documents in pr...

The Law Commission’s recommendations highlights the need to clarify whether cryptocurrency lending falls under existing financial collateral regulations.

The Law Commission’s recommendations highlights the need to clarify whether cryptocurrency lending falls under existing financial collateral regulations.

The burgeoning importance of digital assets in our modern world cannot be overstated. Their use has expanded far beyond mere value representation, serving as modes of payment and being linked to various rights or things. Their inherent flexibility and the technologies surrounding them have significa...

The U.K.’s Law Commission highlights four major recommendations to reform laws relating to cryptocurrency use and ownership.

The Law Commission of England and Wales has published its “recommendations for reform and development of the law on digital assets.” The recommendations, which seek to secure the U.K.’s position as a global crypto hub, are intended “to provide a comprehensive legal foundation for digital assets whic...