#DigitalAssetBill DigitalAssetBill

The UK government has introduced the Property (Digital Assets etc) Bill to clarify the legal status of digital assets. This bill aims to provide greater legal protection to owners of digital assets, including cryptocurrencies like Bitcoin, non-fungible tokens (NFTs), and carbon credits, by recognizing them as personal property under English and Welsh law.¹

*Key Provisions:*

- *Third Category of Property*: The bill introduces a third category of personal property, in addition to "things in possession" and "things in action," to include digital assets.

- *Legal Protection*: Owners of