UK courts could grant damages in cryptocurrency, Law Commission argues

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By Hamza Fareed Malik British courts could award remedies like damages in cryptocurrencies, the Law Commission said in its Digital Assets Consultation paper today. “There is an arguable case for law reform to provide courts in England and Wales with the discretion to award a remedy (where traditionally denominated in money) denominated in certain crypto-tokens in appropriate cases,” the Commission said as it set out proposals to reform the law around regulating crypto in the UK. The Commission argued that monetary remedies do not necessarily have to be granted in British pounds in all cases as…

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