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ARTICLE · 31 AUGUST 2023

Revolutionising Laws For Digital Assets And Personal Property?

Price Bailey
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Digital assets, which encompass cryptocurrencies (also referred to as crypto-tokens) and non-fungible tokens (NFTs), have become increasingly prevalent...

United KingdomTechnology
Nikita Cooper
Nikita Cooper

The Law Commission of England and Wales has recently released a report outlining recommendations for the reform and development of the law surrounding digital assets and personal property.

What is the current situation?

Digital assets, which encompass cryptocurrencies (also referred to as crypto-tokens) and non-fungible tokens (NFTs), have become increasingly prevalent in various aspects of modern society. While the existing personal property law has proven adaptable to accommodate digital assets over the past 15 years, there are still areas of legal uncertainty and complexity that need to be addressed as the digital asset market and technology continue to evolve.

What is being done to change this?

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