New UK legal aid scheme omits crypto as liquid asset
UK citizens hoping to access legal aid through the proposed Help with Fees (HwF) scheme will not have crypto currency assets classified as disposable income. A new report from the UK Ministry of Justice includes commentary in response to a public consultation on a proposed legal aid scheme aimed at ensuring equal access to the justice system. The scheme aims to ensure that individuals do not lose access to courts and tribunals due to an inability to pay the relevant fees. The ministry also proposes to ensure access to justice for low-income earners, provide money to taxpayers who ultimately bear the cost of fee waivers under the scheme , and ensure that the scheme is accessible and eligibility criteria are clear. You might also like: UK politician calls on FCA to be less aggressive on crypto ads The Ministry indicates that the majority of respondents supported this proposal. It also helps attract investments that are not available as liquid assets. However, some res...
