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Britain’s Law Commission has proposed that crypto be considered a separate category in English property law, a move that could pave the way for setting an international standard.
The Law Commission’s Sarah Green.
Victoria Vergolina
If you’ve ever found yourself outside of Bank Station on a rainy day in Central London, you’ll have a feel for exactly how the city came to be one of the world’s top financial centers. London’s convenient time zone, bustling city atmosphere, and impressive set of financial regulations have made it a top destination for banks and financial services companies to operate over the years. But when it comes to crypto, there’s an international gap in setting legal standards on digital assets, and the UK is no exception. The Law Commission of England and Wales — an independent regulatory body that advises the UK government on reform — has been tasked with rectifying that situation and getting London ahead of the pack.
Omny Studio: Crypto May Get It’s Own Legal Lane in…
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