#DigitalAssetBill Draft Law on Property Assets (Digital Assets, etc.) aims to establish that items can be considered property, even if they do not meet the traditional definition of property as defined in case law. This draft law is designed to clarify that assets such as crypto tokens, cryptocurrencies, and non-fungible tokens can attract property rights. However, it does not establish that certain categories of items are property.

Detailed Examination

The report stage is an additional opportunity for members to carefully examine the elements of the draft law and make changes.   

Proposed Changes

Members speaking at the report stage proposed amendments (changes) to the draft law on subjects including:

recognizing digital assets as property

code of practice regarding the attributes of digital assets that confer property rights

conducting a review of the implications of treating digital assets as property under the Law.