Putin signs law exempting crypto sales and crypto mining from VAT in Russia

Russian President Vladimir Putin has signed a significant law that officially recognizes digital currency as a form of property, reshaping the legal landscape for crypto operations in the country and allowing use in foreign trade settlements.

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Shanghai court recognizes crypto as property but bans business activities

The Shanghai High Court has ruled that cryptocurrencies possess “property attributes” under Chinese law, affirming their value as virtual commodities. However, the court upheld China’s strict prohibition on using crypto for commercial activities such as token issuance and speculative trading,…

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South Korean divorce law now recognizes cryptocurrencies as marital property

South Korean courts now recognise cryptocurrencies as divisible marital assets in divorce cases.

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Kraken denies SEC claims, argues digital assets aren’t securities: Law Decoded

Kraken rejects the SEC’s securities allegations, Brazil lifts the freeze on Starlink’s bank account, the UK clarifies crypto property rights, and Coinbase backs NFT’s legal defense.

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UK High Court recognizes Tether’s USDT as property in landmark ruling

In a pivotal decision, the High Court of Justice for England and Wales has officially recognized Tether’s USDT, the world’s largest stablecoin by market capitalization, as property under English law.

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UK Parliament proposes legislation to recognize digital assets as personal property

The Law Commission of the United Kingdom (UK) Parliament introduced the Property (Digital Assets, etc. ) Bill on Sept. 11 to recognize digital holdings legally. The proposed legislation deems crypto, non-fungible tokens (NFTs), and carbon credits personal property under British law.

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UK introduces new bill clarifying crypto as personal property

UK’s new bill recognises Bitcoin and other digital assets as personal property. Under the new law, crypto owners will enjoy greater legal protection. The UK parliament has introduced a new bill that clarifies digital assets ownership by recognizing Bitcoin and other crypto assets as personal property.

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UK presents bill to recognize crypto as personal property

U.K. authorities plan to clarify how to classify cryptocurrencies under a new bill. According to an official government notice, the British Parliament received a proposal to recognize digital assets as personal property under English law. The proposed bill would assign…

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UK to Label Crypto as Property: What Does It Mean?

The UK Law Commission proposes that cryptocurrencies fall under a new category of property with its own protections. The post UK to Label Crypto as Property: What Does It Mean? appeared first on BeInCrypto.

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England’s Law Commission suggests recognizing crypto as property

The Law Commission of England and Wales initiated a consultation on proposed legislation to classify cryptocurrencies and NFTs as property.

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England's Law Commission Seeks Views on Draft Legislation to Label Crypto as Property

The Law Commission also called for evidence on its project on digital assets and electronic trade documents in private international law.

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Law professor says blockchain tech could ‘revolutionize’ copyright offices

According to the research, blockchain provides several game-changing benefits for intellectual property licensing and management.

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Tonya Evans, blockchain expert, joins DCG’s board of directors

Digital Currency Group (DCG) has added Tonya Evans, a tenured professor at Penn State Dickinson Law with expertise in intellectual property, blockchains, and distributed ledger technology, to its board of directors.

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China's courts recognize virtual assets as legal property

The report affirms that existing Chinese law legally recognizes virtual assets as property. This recognition is particularly noteworthy considering China's prior stance on foreign digital assetThe post China's courts recognize virtual assets as legal property appeared first on AMBCrypto.

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China’s Rulers Give Mixed Signals on Crypto’s Legal Status

Cryptocurrency is now legal property under Chinese law, at least in theory. But a crackdown on crypto entrepreneurs continued unabated. The post China’s Rulers Give Mixed Signals on Crypto’s Legal Status appeared first on BeInCrypto.

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China court declares virtual assets legal properties protected by law: Report

Despite a blanket ban on cryptocurrencies imposed by Beijing in 2021, many Chinese courts over the years have established that virtual asset holders have property rights.

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UK Law Commission proposes classifying crypto as a new type of property

Digital assets, such as cryptocurrencies, could be classified under a new category of personal property, the Law Commission of England and Wales said in its final recommendation report to the government.

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UK Needs Bespoke Legal Framework for Using Crypto as Collateral: Law Commission

The Commission, funded by the Ministry of Justice, also pushed for legislation to treat crypto as a new type of property in its latest set of recommendations.

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Hong Kong Court Declares Crypto as Property in Case Involving Defunct Gatecoin

The ruling would give Hong Kong liquidators more clarity on how to treat crypto assets caught up in winding down procedures, law firm Hogan Lovells said.

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Crypto Queen’s location exposed in UK property deal

The location of Ruja Ignatova, the Bulgarian founder of OneCoin known as Crypto Queen, has been given away in a property deal in the United Kingdom after a slight change in the country’s law didn’t allow the anonymity of the…

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Third parties could return FTX funds directly to customers: Law firm

According to Louise Abbott, FTX users could claim in court that assets “remained their property at all times” and could be treated separately from bankruptcy proceedings.

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Chinese Hangzhou Court calls for NFT regulation

China’s Hangzhou Court claimed that NFTs carry characteristics of property rights like value, scarcity, disposability, and readability, and therefore should be protected by the law. The post Chinese Hangzhou Court calls for NFT regulation appeared first on CryptoSlate.

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Chinese Court Applies Property Law to NFTs

Coinspeaker Chinese Court Applies Property Law to NFTs While China is seemingly encouraging the ownership of NFTs, NFT prices have been down in the wake of a wider market rout. Chinese Court Applies Property Law to NFTs

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UK Lawmakers Support Easy Seizure of Crypto Linked to Terrorist Activity

Lawmakers had already accepted amendments to a new bill to make it easier for law enforcement to target crypto and related property linked to crime.

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How Crypto Might Shake Up England’s Ancient Property Laws

The Law Commission of England and Wales is exploring how digital assets should be treated under existing and new legislation, and its suggestions may upend centuries-old legal norms.

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Litecoin Gains Extra Footing in China as Beijing Court Finds It Protected by Property Law

Judgment was made by court as result of appeal

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Law Commission of England Proposes New Form of Property For Bitcoin

The proposal from England’s Law Commission outlines a new form of property for digital assets, custodial operations, and a framework for legal proceedings.

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England Law Commission recommends reforming property laws for digital assets

The Law Commission of England and Wales has proposed reforming existing laws, especially private property law, to protect cryptocurrency users and maximize the potential of the technology. The post England Law Commission recommends reforming property laws for digital assets appeared first on CryptoSlate.

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UK Law Commission Sees Crypto as a New Type of Property

The U.K. Law Commission wants to bring crypto and NFTs under the country’s personal property laws, which could protect investors against losses through hacks and scams.

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Law Commission of England and Wales Sees Crypto as a New Type of Property

The U.K. Law Commission wants to bring crypto and NFTs under the country’s personal property laws, which could protect investors against losses through hacks and scams.

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A life after crime: What happens to crypto seized in criminal investigations?

Like with any kind of property, law enforcement has the right to sell your coins and spend the money.

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Shanghai Court Recognizes Bitcoin as Virtual Property

The Minhang District Court of Shanghai declared Bitcoin to be a virtual property protected by Chinese law. This isn’t the first time that the court has ruled that cryptocurrency assets should be protected in regard to Chinese regulations on property ownership.

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Chinese Court Case Suggests That Bitcoin Is Virtual Property Protected by Law

A Shanghai court considers cryptocurrencies as digital properties, protecting associated contracts and agreements

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Bitcoin is Now Cash According to a New Proposed Law

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Russian Lawmakers Move to Allow Crypto Payments Under Contracts

Members of the State Duma are now working on amendments that will permit the use of cryptocurrency as a contractual means of payment. Digital financial assets are regarded as property under Russian law and the changes will legalize crypto payments between parties to a contract.

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Russian Bill to Recognize Cryptocurrencies as Property Advances in Parliament

Russia’s parliament has advanced the bill that proposes to recognize cryptocurrencies as property. The proposed law will provide legal protection for cryptocurrencies but income from their activities will also be subject to taxation.

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Russia introduces draft law to tax cryptocurrency as property

Russia’s State Duma Committee has begun preparing new legislation for cryptocurrencies. According to an official announcement made earlier today, the country’s lawmakers noted the introduction of The post Russia introduces draft law to tax cryptocurrency as property appeared first on AMBCrypto.

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Russian Government Officials Have to Declare Cryptocurrency Savings While Cases of BTC Bribes Are Being Reported

In the Russian Federation civil servants are now obliged to declare their savings in crypto as the new law classifies crypto as property and bans it as a payment option

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Lysander Spooner: Natural Law – The Science of Justice

The science of mine and thine – the science of justice – is the science of all human rights; of all a man’s rights of person and property; of all his rights to life, liberty, and the pursuit of happiness.

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Law Decoded: Independence Day Sees Challenges to Privacy, Property and Security, June 26–July 3

Bitcoin isn’t property under new Russian ruling while authorities in the U.S. and the EU challenge encrypted networks in this week’s Law Decoded.

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President of Kazakhstan signs decree banning cryptocurrency turnoever

Kazakhstan adopted a law on the regulation of cryptocurrencies. Bitcoin is recognized as property, but its issue, circulation and use as a means of payment is prohibited.

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China’s Civil Law Could Enable Citizens to Inherit Bitcoin

China’s Inheritance Law might soon be updated to include internet property and cryptocurrency, including Bitcoin. The draft bill is currently being reviewed by the government. New Inheritance Law to Be Part of China’s First Civil Code, and It Could Impact Bitcoin Recently, the Chinese parliament revealed the draft of its first civil code, which includes the protection of civil rights like property, personality, contract, marriage, infringement, and inheritance.

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U.K. recognizes cryptocurrencies as ‘tradable property’

A specialized task force of senior judges and lawyers in the U. K. has recognized crypto-assets as “tradable property” under English law. The 46-page legal statement, which clarified the status of cryptocurrencies, blockchain technology, and smart contracts, is the country’s effort to reintroduce confidence to the British crypto market.

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U.K. Classifies Cryptocurrencies as Property Under English Law

The U. K. is now the latest jurisdiction to classify cryptocurrencies and virtual assets as property. The Times reports that a legal panel chaired by Sir Geoffrey Vos, Chancellor of the High Court reached the decision which presents significant implications for the legality of cryptocurrencies and blockchain assets in the U.

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UK Jurisdiction Taskforce Defines Crypto Assets as Tradeable Property and Smart Contracts Enforceable

Coinspeaker UK Jurisdiction Taskforce Defines Crypto Assets as Tradeable Property and Smart Contracts EnforceableThe United Kingdom jurisdiction taskforce confirmed in a statement by Sir Geoffrey Vos that crypto-assets will be recognized as tradeable property while smart contracts are enforceable under English law.

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UK Law Panel Defines Crypto Assets as Property

A panel of senior British judges and lawyers has moved to clarify the legal status of cryptocurrencies and smart contracts.

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U.S. Authorities to Launch Blockchain Pilot for Intellectual Property Rights

As part of its preparation for the upcoming Commercial Customs Operations Advisory Committee (COAC) meeting, the U. S. Customs and Border Protection (CBP), a federal law enforcement agency, intends to trial distributed ledger technology (DLT) in intellectual property rights (IPR) enforcement by the end of August 2019, reports Yahoo Finance on August 16, 2019.

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Australians Warned Over Cryptocurrency-Heavy Self Managed Pensions

The Australian Tax office has sent out 18,000 warning letters to Self Managed Super Funds (SMSFs). The letters target those who have invested over 90% of retirement funds in a single asset class, such as property or cryptocurrency.

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Obscure Indian Property Law Could Criminalise Users Holding Their Crypto Abroad

An anti-crypto lawyer from India, Vijay Dalmia, put forth his perspective on the current situation in the country on Mondaq, August 13, 2019. Notably, he discusses the Benami Act, 1988, which can cause incrimination for crypto investors who choose to stash their holdings with relatives or peers in countries with more favorable regulations.

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