The Ownership Bill (Digital Assets, etc.) [House of Lords] has seen some updates recently. This bill, which focuses on the legal status of digital assets in England and Wales, has gone through various stages of approval in the UK Parliament, with its latest update on April 28, 2025.

The legislation aims to ensure that digital assets, such as cryptocurrencies, are not excluded from legal protection simply because they do not fall within traditional categories of personal property. This move comes after recommendations from the Law Commission in England and Wales, which called for the legal recognition that digital assets could be subject to property rights.

Do you think this is a necessary step for the future of digital assets?