🇬🇧 England’s Law Commission proposes a new property category for crypto assets.

⚖️ The Law Commission for England and Wales has called on the UK government to create a new category of personal property for crypto assets. This proposal aims to improve the legal protection of digital assets, such as cryptocurrencies and non-fungible tokens, and address their classification issues.

📜 The Commission believes that the current system, which divides property into tangible and intangible categories, is not suitable for crypto assets that possess attributes of both. The proposed legislation aims to provide a clear legal framework for crypto assets, which should facilitate the development of the digital asset sector in England and Wales.

#lawyer #lawsUpdate #match_systems #UK

🚨 BIG BREAKING 🚨

"EU Declares Self-Custody Crypto Wallets Illegal Under Anti-Money Laundering Laws: Privacy at Risk?"

In a seismic development, Europe has criminalized self-custody crypto wallets, citing concerns over anti-money laundering legislation. Critics question whether this move is a thinly veiled attempt to exert greater control over citizens' financial autonomy. Is Europe exploiting these laws to justify pervasive surveillance? Many fear the erosion of privacy rights in the wake of this controversial decision. #EU #Blocked #Btc #2024 #lawsUpdate 🚨

🚨 BIG BREAKING 🚨

EUROPE HAS MADE SELF CUSTODY
CRYPTO WALLETS ILLEGAL DUE TO
THEIR ANTI MONEY LAUNDRY LAWS.

IS EUROPE USING THESE LAWS AS
AN EXCUSE TO MONITOR & CONTROL
ALL THEIR CITIZEN’S FINANCES ?
IS THIS THE END OF PRIVACY ?

#EU #Blocked #Btc #2024 #lawsUpdate