#DigitalAssetBill The government introduced the Property (Digital Assets etc.) Bill to the House of Lords on 11th September 2024 to reform the law concerning personal property. The bill aims to address the concept of “digital assets”, which encompasses cryptocurrencies, non-fungible tokens (NFTs), and other digital assets, whether they currently exist or are yet to be developed.

Given the complexity of the cryptocurrency landscape, this article will focus on the background of the legislation and highlight a key proposed change to property ownership law. The rapid advancement of technology necessitates the introduction of legislation in this area.