#DigitalAssetBill

Introduced in September 2024, the UK's Property (Digital Assets etc.) Bill seeks to clarify the legal status of digital assets under English and Welsh law. It recognizes certain digital assets—such as cryptocurrencies, non-fungible tokens (NFTs), and carbon credits—as personal property, even if they don't fit into traditional categories like "things in possession" or "things in action." This legal recognition aims to provide certainty and protection for individuals and businesses dealing with digital assets, facilitating their use in various transactions and legal contexts.