The #DigitalAssetBill was introduced into the House of Lords on September 11, 2024, to clarify the legal status of digital assets in England and Wales.

The bill aims to remove legal uncertainty around digital assets by confirming that certain digital assets, such as crypto-tokens and non-fungible tokens (NFTs), can be recognized as personal property rights, even if they do not fit into the traditional categories of personal property.

The bill does not specify what digital assets fall into the third category of personal property rights or how the law will treat them. Instead, it leaves these details to be developed by the courts on a case-by-case basis, allowing for flexibility in response to new technological developments.

In the US, the *Digital Asset Anti-Money Laundering Act of 2023* is a proposed bill that aims to prevent the use of digital assets for illicit activities, such as money laundering and terrorist financing.

In Australia, the *Digital Assets (Market Regulation) Bill 2023* is a proposed legislation that seeks to regulate digital asset exchanges, digital asset custody services, and the issuing of stablecoins.

These bills demonstrate the growing need for regulatory frameworks to govern the rapidly evolving digital asset landscape.