#DigitalAssetBill

The Property (Digital Assets etc.) Bill is a legislative proposal introduced by the UK government on 11 September 2024. Its primary aim is to clarify the legal status of digital assets—such as cryptocurrencies, non-fungible tokens (NFTs), and other digital tokens—by recognizing them as personal property under English and Welsh law.

🧾 Purpose and Scope

Traditionally, English law has recognized two categories of personal property:

Things in possession – tangible, physical items.

Things in action – intangible rights enforce