As worldwide authorities carry on to wrestle with how to control cryptocurrencies, the U.K. Legislation Fee on Thursday proposed improvements to make clear how property legislation use to electronic belongings in England and Wales. The 57-yr-aged commission claims electronic assets like crypto tokens and non-fungible tokens—unique blockchain tokens that signify ownership that are superior recognized as NFTs—play an significantly vital part in present day society. “Electronic property this kind of as NFTs and other crypto-tokens have advanced and proliferated at excellent speed, so it can be critical that our legal guidelines are adaptable plenty of to be in a position to accommodate them,” explained Professor Sarah Environmentally friendly, the Law…