England's Law Commission Seeks Views on Draft Legislation to Label Crypto as Property

The Law Commission also called for evidence on its project on digital assets and electronic trade documents in private international law.

The Law Commission is seeking views on draft legislation to assign property rights to crypto and called for evidence for its project on digital assets and electronic trade documents.

The responses will determine the shape of legislation to be proposed to the government.

"Personal property rights are important for many reasons, including in the event of insolvency or where assets are interfered with or unlawfully taken," the commission said on Thursday.

"However, because digital assets differ significantly from physical assets, and from rights-based assets like debts and financial securities, they do not fit within traditional categories of personal property."
The Law Commission also called for evidence for its project on digital assets and electronic trade documents in private international law. The deadline for comments is May 16.

#Write2Earn #crypto #England #coindesk

JUST IN: 🇬🇧 Bank of England proposes allowing stablecoins as a payment option for goods and services.

#Bank #Stablecoins #England

Bank of England proposes allowing stablecoins as a payment option for goods and services.

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JUST IN: Bank of England cuts rates by 0.25% to 5%

This follows rate cuts by Canada, Denmark, Switzerland, and the EU.

🇬🇧🇩🇰🇨🇦🇪🇺🇨🇭cut rates by 0.25%

🇺🇸 Is the FED going to be too late, again?!

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📣 𝘾𝘿𝘾 𝙅𝙐𝙎𝙏 𝙄𝙉 : 🇬🇧 Bank of England cuts rates by 0.25% to 5%.

The FED is next 🚀

#News #Crypto #England #Bitcoin #FederalReserve

Woman Who Planned $4.3 Billion Bitcoin Laundering Scheme Arrested in London. ♀️🕵🏻‍♂️

In a recent development that sheds light on the dark underbelly of cryptocurrency crime, Jian Wen, a London resident, has been convicted of laundering over $4.3 billion in bitcoins. What initially seemed like an attempt to pass off as a legitimate businessperson turned out to be a sophisticated scheme, culminating in Wen's conviction for funneling illicit funds into physical assets like multimillion-dollar properties and jewelry.

The conviction comes after a meticulous five-year investigation by the London Metropolitan Police, demonstrating a steadfast commitment to combating financial crimes involving cryptocurrencies. Despite her attempts to evade detection, Wen's suspicious financial activities eventually raised red flags, particularly during her endeavors to purchase high-value properties in London.

The investigation, which involved extensive detective work and the examination of nearly 48 electronic devices, underscored the challenges law enforcement faces in tracing and prosecuting crimes involving digital currencies. Documents and files translated from Mandarin Chinese played a crucial role in building the case against Wen, highlighting the global nature of cryptocurrency-related crimes.

Following her conviction, authorities seized Wen's assets, including bitcoins, and initiated a recovery investigation. A High Court decision granted the Crown Prosecution Service (CPS) a freezing order for the seized bitcoins, signaling the legal repercussions awaiting individuals involved in cryptocurrency-related offenses.

Andrew Penhale, Chief Crown Prosecutor of the CPS, emphasized the growing trend of criminals utilizing cryptocurrencies to mask and move illicit funds. This case serves as a stark reminder of the need for continued vigilance and collaboration between law enforcement agencies to address the misuse of cryptocurrencies in criminal activities.

#CPS #JianWen #BTC #London #England

JUST IN: 🏴󠁧󠁢󠁥󠁮󠁧󠁿 England's High Court of Justice has ruled that Tether's stablecoin USDT is considered property.

This is an important step in recognizing digital assets like USDT under the law.

The decision could impact how stablecoins and cryptocurrencies are handled in legal cases and regulations in the UK and other countries.

#USDT #England #BitEagleNews

🕵️‍♀️💰 In a stunning revelation exposing the shadowy depths of cryptocurrency crime, Jian Wen, a resident of London, stands convicted of masterminding a colossal $4.3 billion bitcoin laundering scheme. What initially appeared as the facade of a legitimate businessperson swiftly unraveled into a sophisticated operation, funneling illicit funds into tangible assets like opulent properties and extravagant jewelry. 💼💎

⚖️ Following an exhaustive five-year investigation by the London Metropolitan Police, Wen's intricate web of deception finally came crashing down. Despite her attempts to fly under the radar, her suspicious financial maneuvers, particularly her lavish property acquisitions in London, raised eyebrows and triggered alarms within law enforcement circles. 🚨🔍

🔍 The investigation, spanning continents and involving the analysis of nearly 48 electronic devices, illuminated the formidable challenges of tracing and prosecuting cryptocurrency-related crimes. Documents translated from Mandarin Chinese played a pivotal role, emphasizing the global reach of digital currency offenses. 🌐📑

💼🔒 With Wen's conviction, authorities wasted no time seizing her assets, including bitcoins, and launching a comprehensive recovery effort. A High Court decision granting the Crown Prosecution Service (CPS) a freezing order for the confiscated bitcoins signals a resolute stance against individuals involved in crypto-related offenses. 💳❌

👨‍⚖️ Andrew Penhale, Chief Crown Prosecutor of the CPS, sounded the alarm on the growing trend of criminals leveraging cryptocurrencies to obfuscate their ill-gotten gains. This landmark case serves as a sobering reminder of the ongoing imperative for unwavering vigilance and collaborative efforts among law enforcement agencies to combat the misuse of digital currencies in criminal enterprises. 🛡️💼

#CPS #JianWen #BTC #London #England #CryptoCrimeFighters

🌐🔒

A woman named Jian Wen, living in London, has been caught laundering more than $4.3 billion worth of bitcoins. At first, it seemed like she was just doing regular business, but it turned out to be a fancy plan to hide illegal money. She used the dirty money to buy really expensive things like fancy properties and jewelry.

The police in London spent five years investigating this and finally caught her. Even though she tried to hide what she was doing, her suspicious actions caught their attention. They had to work really hard, checking almost 48 electronic devices, to figure out what she was up to. Some documents in Chinese helped prove her guilt, showing that cryptocurrency crimes can happen anywhere in the world.

After she was found guilty, the police took away her stuff, including her bitcoins. A court also said she couldn't touch her bitcoins until everything was sorted out legally. This shows that anyone caught doing bad stuff with cryptocurrencies will face consequences.

The head prosecutor, Andrew Penhale, said more and more criminals are using cryptocurrencies to hide their dirty money. This case reminds us that we need to keep an eye out and work together to stop people from using cryptocurrencies for bad things. #CPS  #JianWen  #BTCAnalysi  #LONDON-Ethereum  #England

A woman named Jian Wen, living in London, has been caught laundering more than $4.3 billion worth of bitcoins. At first, it seemed like she was just doing regular business, but it turned out to be a fancy plan to hide illegal money. She used the dirty money to buy really expensive things like fancy properties and jewelry.

The police in London spent five years investigating this and finally caught her. Even though she tried to hide what she was doing, her suspicious actions caught their attention. They had to work really hard, checking almost 48 electronic devices, to figure out what she was up to. Some documents in Chinese helped prove her guilt, showing that cryptocurrency crimes can happen anywhere in the world.

After she was found guilty, the police took away her stuff, including her bitcoins. A court also said she couldn't touch her bitcoins until everything was sorted out legally. This shows that anyone caught doing bad stuff with cryptocurrencies will face consequences.

The head prosecutor, Andrew Penhale, said more and more criminals are using cryptocurrencies to hide their dirty money. This case reminds us that we need to keep an eye out and work together to stop people from using cryptocurrencies for bad things. #CPS  #JianWen  #BTCAnalysi  #LONDON-Ethereum  #England

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England’s High Court Rules Tether’s USDT Stablecoin is Considered Property !!

🔸England's High Court ruled Tether's USDT stablecoin is considered property under English law, allowing it to be traced and held in trust.

#England #unitedkindom #London #CryptoForEveryone

A woman living in England received a response to her job application after 48 years.

#England #WorkToEarn #WeAreAllSatoshi #BTCUptober #

English or Spanish? 🇬🇧🏆🇪🇦

Which team do you think will win the tough match between England and Spain in Euro 2024?

Write your score predictions in the comments. 💬

#England #Spain #EURO2024 #football