The United Kingdom has passed a new law that officially recognizes cryptocurrencies as legal property. This law is an important step in regulating cryptocurrencies, classifying them as a type of personal property, thereby providing clearer legal protection for owners.$BTC
🟧🔶️🔸️Features of the new law🟧🔶️
🇬🇧 Legal Protection 🇬🇧: The law provides clearer legal protection for owners, increasing confidence in dealing with digital currencies.
🇬🇧 Recovery of Assets 🇬🇧: The law allows for the recovery of stolen assets, including them in bankruptcy proceedings.
🇬🇧 Transfer of Assets 🇬🇧: The law facilitates the transfer of digital assets, enhancing their use.$ETH
🟧🟧🔶️🔸️Sector Reaction🔸️🔶️🟧🟧
🇬🇧 Freddy New, Head of Policy at the 'UK Bitcoin Policy' group, described this law as a 'significant step forward' for Bitcoin in the UK.
🇬🇧 Suzy Ward, CEO of the 'UK Bitcoin Policy' organization, stated that the law provides broader legal protection for cryptocurrency holders.
This law reflects the UK's commitment to promoting innovation in digital assets and protecting investors.$BNB
