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Joining the DOTs: Digital ownership tokens signal future of property law
All the buzz about crypto artwork raises concerns about fraud and counterfeiting in an unregulated market place. NFT authorities Joshua Chu and Julian So explain how electronic ownership tokens defend the creator and operator from such threats As virtual belongings produced a comeback in 2021, just one new edition in the spotlight was non-fungible tokens (NFTs). Crypto sceptics generally argue there is no tangible house connected with NFTs, so they are just hype with no benefit. On the other hand, with acknowledgment that intangible property these as mental property have been traded for hundreds of years, the actual missed difficulty is whether or not traders are knowledgeable of the underlying…
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Property ownership bill threatens immigrant groups
This legislative session, Texas State Senator Lois Kolkhorst, a Republican representing District 18, has been building the information with Senate Monthly bill (S.B.) 147, a proposal banning property acquisition or ownership by citizens of China, Iran, Russia, and North Korea. The monthly bill helps make no difference in between individuals who also are living and get the job done in Texas with authorized status. It also applies to dual citizens like myself. Governor Greg Abbott has thrown his guidance driving the bill, announcing that he will indication it. This monthly bill is riddled with complications. It treats entities that are bulk-owned by these countries’ governments the similar way as it…
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Texas GOP coalesces around bill banning Chinese ownership of land
Indicator up for The Short, The Texas Tribune’s day by day publication that retains viewers up to velocity on the most essential Texas news. Gov. Greg Abbott stated this 7 days that he would indication a proposed monthly bill banning citizens and overseas entities from 4 international locations, including China, from obtaining Texas land. Submitted in November by Brenham Republican Sen. Lois Kolkhorst, Senate Monthly bill 147 would ban citizens, governments and entities from China, Iran, North Korea and Russia from purchasing land here, section of what she and other Republicans have reported will assist stem international affect in Texas. The bill would also prohibit the order or acquisition of…
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Money & the Law: In a marriage, ownership of personal property can be complicated | Business
If you are married, it is from time to time essential to know who owns the untitled tangible particular home in your family. What we’re conversing about listed here are sofas, chairs, tables, beds, TVs, baseball card collections, artwork, desktops, china, graphite/titanium fly rods, outfits, jewellery, tailor made made bicycles, and many others. — fundamentally, everything you can decide up and have out the door. What we’re not talking about are motor vehicles, where there is a title certificate designating ownership, or financial accounts, wherever possession passions are evidenced by account files. There are various situations exactly where possession of untitled tangible personalized house concerning spouses can turn into important.…
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A Law Professor Explains Why NFTs Don’t Protect Digital Ownership
In 2021, an expenditure agency bought 2,000 acres of serious estate for about $4 million. Typically, this would not make headlines, but in this situation the land was virtual. It existed only in a metaverse platform termed The Sandbox. By obtaining 792 non-fungible tokens on the Ethereum blockchain, the business then owned the equivalent of 1,200 town blocks. But did it? It turns out that legal ownership in the metaverse is not that basic. The prevailing but legally problematic narrative amongst crypto lovers is that NFTs allow for legitimate possession of electronic objects in the metaverse for two motives: decentralization and interoperability. These two technological features have led some to…
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Why Lawyers Reject Non-Attorney Firm Ownership
When the American Bar Association voted this summertime to reaffirm its longstanding plan that only attorneys need to be allowed to own regulation corporations, critics warned the conclusion thwarts innovation and keeps legal providers out of access for reduced- and middle-revenue shoppers. Very little could be additional from the truth. Invested Interest Accounting firms, financial commitment companies, hedge resources, and computer software producers that want to tap into lucrative authorized expert services solid them selves as trailblazers that will cut down consumer fees. In fact, it is attorneys who are continually innovating to broaden access to justice. For-income entities not owned by lawyers have no interest in investing in a…
/static.texastribune.org/media/files/f1dd30dcbbbdf26d217a84b0ff44b2cf/Senate{c024931d10daf6b71b41321fa9ba9cd89123fb34a4039ac9f079a256e3c1e6e8}20Floor{c024931d10daf6b71b41321fa9ba9cd89123fb34a4039ac9f079a256e3c1e6e8}20May{c024931d10daf6b71b41321fa9ba9cd89123fb34a4039ac9f079a256e3c1e6e8}2030{c024931d10daf6b71b41321fa9ba9cd89123fb34a4039ac9f079a256e3c1e6e8}20JV{c024931d10daf6b71b41321fa9ba9cd89123fb34a4039ac9f079a256e3c1e6e8}20TT{c024931d10daf6b71b41321fa9ba9cd89123fb34a4039ac9f079a256e3c1e6e8}2001.jpg?w=1140&resize=1140,0&ssl=1 "Texas GOP coalesces around bill banning Chinese ownership of land")
:focal(0x0:3000x2000)/static.texastribune.org/media/files/d16235912eaa26df2859e9d695208311/Del{c024931d10daf6b71b41321fa9ba9cd89123fb34a4039ac9f079a256e3c1e6e8}20Rio{c024931d10daf6b71b41321fa9ba9cd89123fb34a4039ac9f079a256e3c1e6e8}20For{c024931d10daf6b71b41321fa9ba9cd89123fb34a4039ac9f079a256e3c1e6e8}20Sale{c024931d10daf6b71b41321fa9ba9cd89123fb34a4039ac9f079a256e3c1e6e8}20sign{c024931d10daf6b71b41321fa9ba9cd89123fb34a4039ac9f079a256e3c1e6e8}20LBS{c024931d10daf6b71b41321fa9ba9cd89123fb34a4039ac9f079a256e3c1e6e8}20TT{c024931d10daf6b71b41321fa9ba9cd89123fb34a4039ac9f079a256e3c1e6e8}2014.jpg?w=500&resize=500,330&ssl=1 "Texas senators soften proposed prohibition on Chinese land purchases")
/cloudfront-us-east-2.images.arcpublishing.com/reuters/MEEQNBDV6RIUJKRFDR6ZUUJ2NE.jpg?w=500&resize=500,330&ssl=1 "U.S. Supreme Court has busy year ahead for intellectual property law")
