#DigitalAssetBill The Digital Asset Bill, formally known as the Property (Digital Assets etc) Bill, aims to clarify the legal status of digital assets in the UK. Here's what you need to know¹:

- *Purpose*: The bill seeks to establish a third category of personal property, recognizing digital assets like cryptocurrencies, non-fungible tokens (NFTs), and carbon credits as property under English and Welsh law.

- *Benefits*: This move provides greater legal protection to owners of digital assets, including²:

- *Enforceable action*: In cases of fraud and theft, owners can take legal action.

- *Rights in disputes*: Digital assets can be included in bankruptcy and insolvency procedures.

- *Freezing injunctions*: Legal tools can be used to protect digital assets in disputes.

- *Progress*: The bill was introduced in Parliament on September 11, 2024, and has undergone scrutiny in the House of Lords, with the report stage completed on April 30, 2025. The third reading is scheduled for May 8, 2025.

- *Impact*: The bill aims to:

- *Maintain UK's global leadership*: In the cryptoasset sector, by providing legal certainty and clarity.

- *Attract business and investment*: By reinforcing the attractiveness of English law to international stakeholders.