{"id":575902,"date":"2024-09-12T07:04:07","date_gmt":"2024-09-12T07:04:07","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=575902"},"modified":"2024-09-12T09:34:51","modified_gmt":"2024-09-12T09:34:51","slug":"landmark-uk-crypto-bill-recognizes-bitcoin-nfts-and-tokenized-assets-as-personal-property","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/landmark-uk-crypto-bill-recognizes-bitcoin-nfts-and-tokenized-assets-as-personal-property","title":{"rendered":"Landmark UK Crypto Bill Recognizes Bitcoin, NFTs, And Tokenized Assets As Personal Property"},"content":{"rendered":"
A UK crypto bill has been passed that recognizes Bitcoin<\/span><\/a>, Non-Fungible Tokens (NFTs), and tokenized assets as personal property under domestic law.<\/p>\n The government announced the new legislation in a Sept. 11 notice<\/span><\/a>, saying it will create a separate category for digital assets under UK law.<\/p>\n Justice Minister Heidi Alexander said the bill will help protect digital asset holders from fraud and ensure UK laws keep up with emerging technologies.<\/p>\n The law is seen aiding judges in handling complex cases involving digital holdings, while strengthening Britain’s position in the fast-growing crypto space.<\/p>\n The UK has introduced a new bill that will allow crypto and other digital assets to be recognised as personal property. <\/p>\n That means owners of digital assets will gain legal protection against fraud and scams. <\/p>\n Read more about it here ➡️ https:\/\/t.co\/ZJ5SPCta2D<\/a> pic.twitter.com\/M6x6Xms1II<\/a><\/p>\n — Ministry of Justice (@MoJGovUK) September 12, 2024<\/a><\/p><\/blockquote>\n<\/p>\n
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