The commission said there is a need for laws that allow 'a more diverse range of people, groups and companies to interact online and benefit from them.' digitalassets nfts
UK Law Commission Publishes Proposals to Reform Laws Relating to Digital Assets — Says Reforms Must Not 'Stifle Development'
While acknowledging that both England and Wales have already taken steps to accommodate emerging technologies like cryptocurrencies and non-fungible tokens , the commission claimed there are “several key areas” of the law that still needs to be reformed. Such reforms will “protect the rights of users and maximize the potential of digital assets.”
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