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UK Lords Echo Support for Digital Assets Property Bill

Author: Content Editor
Members of the House of Lords in the UK have expressed support for the Law Commission's digital assets property bill. The bill aims to provide clarity on how cryptocurrencies are treated by the legal system and help address legal disputes related to crypto. The bill adds a new category of "thing" to property categories to aid in crypto legal disputes. Lords believe that the bill could mark another step of progress for the country in terms of crypto use. The UK government had previously introduced legislation to treat crypto as a regulated activity but plans were left uncertain when the Labour government took over. The Lords are calling for more clarity on crypto from the new government.

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