Law Commission of England Proposes New Form of Property For Bitcoin

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The proposal from England’s Law Commission outlines a new form of property for digital assets, custodial operations, and a framework for legal proceedings. 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 ...

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