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Digital assets are recognized as personal property, enabling their owners to enjoy rights and remedies under the law.

Legal protection: Provides protection for individuals and companies dealing with digital assets.

Flexibility: Allows courts to develop the law on a case-by-case basis, adapting to new technological developments.

Similar bills, such as the Digital Assets Bill (Market Regulation) in Australia and the Anti-Money Laundering Law for Digital Assets in the United States, aim to regulate the exchange of digital assets, custodial services, and anti-money laundering measures.