A recent ruling designates Tether (USDT) as property, reflecting shifting regulatory frameworks within the United Kingdom...
Bill before British parliament expands the definition of ‘property’ to include digital assets like NFTs and cryptocurrencies
However, recent advancements in the UK’s regulatory framework could mean the tide is turning for the better.A recent ruling by a British High Court has designated stablecoin Tether as property. This is a historic first under English law for cryptocurrency classification following a comprehensive trial.“USDT attract property rights under English law.”“It is neither a chose in action nor a chose in possession, but rather a distinct form of property not premised on an underlying legal right.
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