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Law Commission for England and Wales Seeks Views on Draft Legislation to Label Crypto as Property

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Law Commission for England and Wales Seeks Views on Draft Legislation to Label Crypto as Property

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“Personal property rights are important for many reasons, including in the event of insolvency or where assets are interfered with or unlawfully taken,” the commission said on Thursday. “However, because digital assets differ significantly from physical assets, and from rights-based assets like debts and financial securities, they do not fit within traditional categories of personal property.”

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