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. Additionally, the bill requires service providers such as cryptocurrency 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 prohibit individuals from using credit cards or borrowed funds to purchase cryptocurrencies to reduce investment risks. The bill is expected to complete the legislative process by the end of 2025, marking an important step for the UK in global cryptocurrency asset regulation.