Law Commission Final Report on digital assets - the Law Commission’s Final Report on digital assets concludes that the common law of England and Wales is ideally suited to accommodate them. The report provides detailed analysis of why this is the case, as well as suggesting narrow and targeted statutory reform to confirm the existence of a new category of property and to clarify the status of such assets for the purposes of taking collateral. The report also recommends that the UK government creates a specialist body made up of technical, commercial and legal experts in order to provide guidance on the way in which the relevant technology is evolving and the implications this will have for the application of legal principles. 

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