LONDON, June 28 (Reuters) - UK law can accommodate crypto assets by creating a new category of personal property that would include digital assets, independent body the Law Commission said on Wednesday.
The group also said the government should create a panel of experts to advise courts on legal issues involving digital assets.
These steps would support the UK government's aim of becoming a global hub for crypto assets, the Law Commission said in a statement.
“The use and importance of digital assets has grown significantly in the last few years," said Sarah Green, law commissioner for commercial and common law.
He asked the Law Commission to review whether current laws can accommodate digital assets.
Persons:
Sarah Green, Rishi Sunak, Adam Sanitt, Norton Rose Fulbright, Sanitt, Elizabeth Howcroft, Mark Potter
Organizations:
Commission, Norton Rose, Thomson
Locations:
England, Wales