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Crypto Assets ‘Have all of the Indicia of Property’ say UK lawmakers

UK Government passed a law this Monday stating that crypto-assets are legally equivalent to property. The law further paved a path for the blockchain industry to bloom in the UK. The panel, led by the senior High Court judge Sir Geoffrey Vos noted that crypto-assets “have all of the indicia [signs] of property”. This statement has definitely addressed uncertainty around crypto-currencies and their underpinning systems.

Many countries are trying to regulate crypto laws. Even the US plans to take a regulated firm decision towards cryptocurrencies. Presidential candidate Andrew Yang chalks out his plans to regulate crypto laws in the US.

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Crypto Assets ‘Have all of the Indicia of Property’ say UK lawmakers
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Crypto Assets ‘Have all of the Indicia of Property’ say UK lawmakers
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On Monday, UK lawmakers passed a law stating that Cryptoassets should be considered as Property as they have all the indicia of a property.
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Nidhi Kolhapur

Nidhi is a passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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