News from the United Kingdom

Members of the House of Lords have expressed support for the bill on the ownership of digital assets, passed by the Legal Committee.

The bill will help resolve legal disputes regarding Crypto.

Lords have also called on the new Labour government to provide more clarity regarding Crypto.

The Committee of the Grand Lord mainly believed that the bill would add more clarity on how Crypto is viewed by the legal system, and could mean another step forward for a country paving the way for the use of Crypto in the country.

As Ponsonby says, the bill will not only assist judges in criminal proceedings when their Crypto has been stolen through fraud or hacking, but will also help in the division of property.