British House of Lords supports Digital Assets Property Bill "
Internet reported that members of the British House of Lords expressed support for the country's digital assets property bill at its second reading on Wednesday. The House of Lords Grand Committee generally agreed that the bill would provide more clarity on how the legal system treats cryptocurrencies and could mark another step in paving the way for the UK to use cryptocurrencies in its own country. The bill was drafted by the Legal Committee, an independent statutory body, and was introduced in the UK in September. The bill adds a new category of "goods" to the categories that fall under property to help resolve legal disputes over cryptocurrency. The bill will not only help judges in criminal proceedings where cryptocurrencies were stolen through fraud or hacking, but it will also help divide marital property.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.