The Digital Assets Bill aims to clarify the legal status of digital assets in England and Wales.

It seeks to recognize these assets as a third type of personal property under common law.

The law aims to provide greater legal protection for these assets and promote growth and innovation in this field.

It is expected that the law will benefit victims of fraud and theft in the cryptocurrency space and creditors in bankruptcy proceedings.

The bill is currently being discussed in Parliament and is expected to be issued soon.