UK Law Commission

The UK’s Law Commission calls on the government to formulate laws that exclusively govern the crypto and NFT spaces. Bloomberg reported on July 28, noting that the commission believes the current laws cannot adequately govern the burgeoning sectors. According to the report, the commission is requesting lawmakers to change laws regarding personal property to include data objects. The entity claims that implementing these changes would help courts decide ownership claims of tokens. Additionally, the commission believes these reforms can help…