#DigitalAssetBill

What does the Property (Digital Assets etc) Bill aim to achieve?

The primary objective of the Property (Digital Assets etc.) Bill is to establish a clearer legal framework for the ownership, transfer, and protection of digital assets. The bill proposes recognising digital assets as personal property, granting them the same legal status as tangible property, such as real estate or physical goods.

Moreover, the bill aims to provide a framework for resolving disputes related to digital assets, which are increasingly common in the legal system. By offering clearer definitions and protections, the government aims to facilitate the legal resolution of these disputes and create a more secure environment for digital innovation.