UK: NEW CATEGORY OF PERSONAL PROPERTY PROPOSED FOR CRYPTO LAW

On 28 July, the Law Society Gazette reported that the Law Commission of England and Wales had provisionally suggested in a consultation paper that the law should explicitly recognise a category of legal objects alongside ‘things in possession’ and ‘things in action’.

https://www.lawgazette.co.uk/law/new-category-of-personal-property-proposed-for-crypto-law/5113243.article

https://www.lawcom.gov.uk/project/digital-assets/

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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