The Property (Digital Assets, etc.) Bill is set to clear up how things like cryptocurrency and NFTs are treated under English and Welsh law. It aims to confirm that these digital assets can be recognised as personal property ,something that’s been a bit of a grey area until now.
This is especially important for legal professionals working in estate planning or asset management, as it gives a clearer legal framework when advising clients about digital holdings. The Law Society has backed the bill, saying it helps bring the law up to speed with how fast technology is moving.
Keeping up with these changes means you can give your clients the best, up-to-date advice when it comes to managing and protecting their digital assets.
Read more:https://heyor.ca/yIlTtE
#DigitalAssets #LegalUpdate #EstatePlanning #LawTech
