UK: LAW REFORMS PROPOSED FOR DIGITAL ASSETS, INCLUDING NFT AND OTHER CRYPTO-TOKENS

On 28 July, the Law Commission said that the Government had asked it to review the law on digital assets, to ensure that it can accommodate digital assets as they continue to evolve and expand.  The Commission’s proposals aim to deliver wider recognition and legal protections for digital assets, allowing a more diverse range of people, groups and companies to interact online and benefit from them.  A new consultation paper seeks views from legal experts, technologists and users, and will allow the Law Commission to examine how existing personal property law does — and should — apply to digital assets.

https://www.lawcom.gov.uk/law-commission-proposes-reforms-for-digital-assets-including-crypto-tokens-and-nfts/

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

Any modest contributions for my time and ongoing expenses are welcomed!  At Buy me a Coffee one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

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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