$BTC The Digital Assets Bill is a proposed law in the UK that clarifies the legal status of digital assets like cryptocurrencies and non-fungible tokens (NFTs). Here's what you need to know about the bill ¹ ² ³:

- *Key Provisions*:

- Recognizes digital assets as personal property, providing legal protection to owners

- Creates a third category of property rights for digital assets, distinct from tangible objects and rights-based assets

- Allows for enforceable action in cases of fraud and theft, and inclusion in bankruptcy and insolvency procedures