#DigitalAssetBill The Digital Asset Bill, officially known as the Property (Digital Assets etc) Bill, aims to clarify the legal status of digital assets in England and Wales. Introduced in Parliament on September 11, 2024, this bill recognizes digital assets, such as cryptocurrencies, non-fungible tokens (NFTs), and carbon credits, as personal property, providing them with the same legal protections as traditional personal property ¹ ².

The bill creates a third category of property, distinct from "things in possession" (tangible objects) and "things in action" (rights-based assets like debts or shares). This new category includes digital assets, which can now be considered personal property, regardless of whether they're tangible or intangible ².

Key implications of the bill include:

- *Enforceable Action*: Owners of digital assets can take legal action in cases of fraud, theft, or undue interference.

- *Dispute Resolution*: Digital assets can be included in disputes and cases, with legal tools like freezing injunctions available.