UK proposes bill to classify cryptocurrencies as personal property under British law.

The UK government is proposing a bill to classify cryptocurrencies, including Bitcoin and NFTs, as personal property under British law. Set to be introduced on September 11, 2024, this legislation aims to provide legal clarity for ownership disputes, protect against fraud, and support the legal sector in handling digital asset cases. This move seeks to enhance the UK's position in the global tech industry and ensure legal certainty for cryptocurrency users and businesses.

September 11, 2024
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