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UK Bill Recognizes Digital Assets as Personal Property Under New Law

[Sep 12 1:30 AM] The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by Justice Minister Heidi Alexander, this bill addresses legal…

England’s Law Commission proposes new property category for crypto assets

[Jul 31 8:56 AM] The Law Commission’s final report advocates for legal reforms to better protect the unique features of digital assets.

Custodia Bank Goes Live: Bridging Digital Assets With US Dollar Payments

[Aug 11, 2023 4:30 PM] Custodia Bank, the financial institution that aims to bridge digital assets with the U.S. dollar payment system, is now live. Last month, Custodia started serving external business customers in select U.S. states, offering U.S. dollar deposits and…

Kazakhstan Parliament Adopts Law Regulating Crypto Mining and Exchange

[Jan 30, 2023 12:30 AM] Lawmakers in Nur-Sultan have approved the final version of the law “On Digital Assets in the Republic of Kazakhstan.” The new legislation, including several other bills, regulates the circulation of cryptocurrencies in the country and introduces a…

NYDFS Releases Guidance on Importance of Segregation and Separate Accounting for Customer Funds in Crypto Industry

[Jan 23, 2023 2:00 PM] On Monday, the New York Department of Financial Services (NYDFS) published guidance on custodial structures to help protect customers’ money if a crypto firm goes bankrupt. New York’s top financial regulator stressed that businesses…

Brussels to Put Out Digital Euro Law Shortly, ECB’s Lagarde Says

[Nov 9, 2022 8:30 PM] The European Commission is going to present a legislative proposal for a digital euro in the near future, President of European Central Bank Christine Lagarde has indicated. EU legislators are expected to define the new currency’s legal tender…