UK gov’t introduces bill to clarify crypto’s legal status: The government in the United Kingdom has introduced legislation to determine whether Bitcoin and other cryptocurrencies can be considered “personal property” under local laws. https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1718876932680-YAKIHONNES3.jpg
UK gov’t introduces bill to clarify crypto’s legal status: The government in the United Kingdom has introduced legislation to determine whether Bitcoin and other cryptocurrencies can be considered “personal property” under local laws. https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1718876932680-YAKIHONNES3.jpg nostr.fmt.wiz.biz
This is the first time the legal status of cryptocurrencies and other digital assets has been explicitly addressed in British legislation.The government believes this bill will have two-fold benefits: providing greater legal protections for crypto owners, and increasing clarity for the legal profession and businesses operating in the crypto space