On April 29, 2025, the UK announced the draft of the "Digital Assets Bill," aimed at providing a clear legal framework for digital assets such as cryptocurrencies, stablecoins, and NFTs. The bill formally recognizes digital assets as personal property, granting them the same legal protections as traditional assets, facilitating the pursuit and recovery of stolen assets in legal disputes. Furthermore, the bill requires service providers such as crypto exchanges and brokers to be regulated by the Financial Conduct Authority (FCA), adhering to standards of transparency, consumer protection, and operational resilience. The new regulations also propose to ban individuals from using credit cards or borrowed funds to purchase cryptocurrencies in order to reduce investment risks. The bill is expected to complete the legislative process by the end of 2025, marking a significant step for the UK in global crypto asset regulation.