Personal property in English and Welsh law.

This will help provide certainty and protection for individuals and businesses that own and deal with these assets.

What does the bill do?

The bill affirms that certain digital assets - such as cryptocurrencies - can attract property rights even if they do not fall within the traditional two categories of personal property in English and Welsh law (please see details in the policy context section below).

In doing so, the bill responds to technological developments, ensuring that individuals and businesses using these assets have appropriate legal protection. This will provide practical benefits to these individuals and businesses (detailed below).

The bill intends to