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.