$BTC The UK government has introduced the Property (Digital Assets etc) Bill to clarify the legal status of digital assets. This bill aims to provide greater legal protection to owners of digital assets, including cryptocurrencies like Bitcoin, non-fungible tokens (NFTs), and carbon credits.

*Key Provisions:*

- *Digital Assets as Personal Property*: The bill confirms that digital assets can be considered personal property under English and Welsh law, allowing for increased legal protection against fraud and scams.

- *Third Category of Property*: The bill introduces a third category of property, "thing", to accommodate digital assets that don't fit into traditional categories of personal property, such as "things in possession" (e.g., cars, money) and "things in action" (e.g., debts, shares).

- *Legal Protections*: Owners of digital assets will have access to legal tools like freezing injunctions and inclusion in bankruptcy and insolvency procedures.

*Impact:*

- **Increased Clar