#DigitalAssetBill

As of May 2025, significant legislative developments concerning digital assets are unfolding in both the United States and the United Kingdom, reflecting a global shift toward more structured regulation of cryptocurrencies and related technologies.

United Kingdom: Strengthening Consumer Protections

The UK government is actively working to enhance its regulatory framework for digital assets. The Property (Digital Assets etc.) Bill has been introduced to clarify the legal status of digital assets, recognizing them as personal property. This move aims to provide legal protection for owners and facilitate the recovery of stolen digital assets.

Concurrently, the Financial Conduct Authority (FCA) is proposing a ban on the use of borrowed funds, such as credit cards, for purchasing cryptocurrencies. This measure is intended to mitigate risks associated with speculative investments and protect consumers from potential financial harm.

Furthermore, the UK plans to exempt overseas stablecoin issuers from its upcoming cryptocurrency regulations. This approach aims to foster international cooperation and position the UK as a fintech hub, aligning more closely with the U.S. regulatory model.

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