#DigitalAssetBill

DigitalAssetBill The Digital Asset Bill refers to proposed legislation aimed at clarifying the legal status of digital assets, such as cryptocurrencies and non-fungible tokens (NFTs). There are two notable bills ¹ ² ³:

- *Property (Digital Assets etc) Bill (UK)*: This bill, currently before the UK Parliament, seeks to establish that certain digital assets can be recognized as property, even if they don't fit into traditional categories of personal property. The bill aims to provide certainty and protection for individuals and businesses owning or transacting with digital assets.

- *Key Provisions*:

- Confirms digital assets can attract property rights

- Allows courts to develop law on case-by-case basis

- Provides clarity on property rights for crypto-tokens and other digital assets

- *Digital Assets (Market Regulation) Bill (Australia)*: This bill, introduced in the Australian Senate, proposes a framework for regulating digital asset exchanges, custody services, and stablecoin issuance.