UK Wants New Form of Property For Bitcoin – Bitcoin Magazine

The Law Commission of England and Wales, an impartial marketing consultant agency for authorized reform initially commissioned by the parliament, has proposed a brand new class of property to embody digital property corresponding to bitcoin in a 549 page proposal.

How may this alteration the way in which the United Kingdom interacts with and acknowledges bitcoin, and why was it needed?

In the UK there are at the moment two acknowledged varieties of property: issues in possession, and issues in motion.

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