UK body recommends classifying crypto assets as property category, SEC sued over NFT status
From Cointelegraph
August 6, 2024 2:04 AM:
The Law Commission’s final report recommends reclassifying crypto assets to address legal gaps.
The report urges the UK government to update laws to provide clarity and certainty for users and investors.
Reclassification would bring crypto assets under existing regulations and anti-money laundering laws.
The UK government is considering the recommendations to ensure effective regulation of crypto assets.
Read more at CoinTelegraph: UK body proposes property category for crypto assets, SEC sued over status of NFTs: Law Decoded