#DigitalAssetBill

The term #DigitalAssetBill encompasses various legislative efforts worldwide aimed at regulating digital assets such as cryptocurrencies and NFTs. Here's an overview of recent developments in the UK and the US:

---

🇬🇧 United Kingdom: Property (Digital Assets etc.) Bill

The UK government introduced the Property (Digital Assets etc.) Bill in September 2024 to clarify the legal status of digital assets under English and Welsh law. The bill aims to recognize digital assets—like crypto tokens and NFTs—as personal property, even if they don't fit into traditional categories of property. This legal recognition is intended to provide certainty and protection for individuals and businesses dealing with digital assets.

As of May 2025, the bill is undergoing its third reading in the House of Lords, focusing on ensuring the legislation is effective and free of loopholes.

Additionally, the UK Financial Conduct Authority (FCA) is proposing a ban on retail investors purchasing cryptocurrencies using borrowed funds, such as credit cards. This measure aims to protect consumers from the risks associated with leveraged crypto investments.