News & Events

The Law Commission of England and Wales has proposed a new legal classification for crypto assets, recommending they be recognised as a distinct form of personal property. The current legal framework categorises personal property into tangible and intangible and does not adequately address the complexities of digital assets like cryptocurrencies and NFTs. The Commission suggests creating a “third category” specifically for digital assets to resolve this, ensuring clearer and enforceable property rights. A draft bill has been issued to outline this framework, with further development delegated to the courts. This proposal is under government review, alongside a consultation by the Bank of England and the FCA on using distributed ledger technology for digital securities. The initiative aims to modernise legal structures, supporting the growth and stability of the digital assets sector in England and Wales.

Read the original article here: https://www.msn.com/en-us/money/markets/law-commission-of-england-and-wales-suggests-new-property-classification-for-crypto-assets/ar-BB1r3dF1?ocid=BingNewsVerp

Nedbank Group, a leading South African financial services provider, has reported strong financial results for the first half of 2023. The bank announced an 8% increase in headline earnings, reaching 7.9 billion rand ($427.2 million) compared to 7.3 billion rand in the same period last year. This impressive growth was attributed to several factors, including robust non-interest revenue growth, reduced impairment charges, and effective cost management strategies. Nedbank declared an interim dividend of 971 cents per share, representing a significant 11.5% increase from the previous year. These results, covering the six months ending June 30, 2023, demonstrate Nedbank’s resilience and ability to thrive in challenging economic conditions.

Read the original article here: https://www.msn.com/en-us/money/markets/south-africas-nedbank-half-year-profit-up-on-non-interest-revenue-growth/ar-AA1oiGNv?ocid=BingNewsBrowse

Cindy Winner Djankeu Ngamba, a Cameroon-born, UK-based boxer representing the Refugee Olympic Team, has etched her name in Olympic history at Paris 2024.She became the first athlete from the Refugee Olympic Team to secure an Olympic medal when she triumphed over French contender Davina Michel in the 75kg boxing semi-finals, winning by unanimous decision. Looking ahead, Ngamba faces Panama’s Atheyna Bylon on Thursday for a chance to advance to the gold medal match. Regardless of the outcome, Ngamba has already guaranteed herself a bronze medal, with the potential to upgrade to silver or gold. Her inspiring journey continues at the North Paris Arena, where she’s not only pursuing personal success but also shining a spotlight on the Refugee Olympic Team’s importance in the global sporting community. Ngamba’s groundbreaking achievement serves as a powerful message of hope and perseverance for refugees worldwide.

Read the original article here: https://olympics.com/en/news/cindy-ngamba-history-first-refugee-olympic-medal-paris-2024-boxing-semi-finals