The UK Parliament has enacted the Property (Digital Assets etc.) Bill, which formally recognizes Bitcoin, cryptocurrencies, and other digital assets as personal property under English law. This landmark legislation provides crucial legal protection for various digital assets, including Bitcoin, non-fungible tokens (NFTs), and carbon credits.
This is the first instance of formal legal recognition and protection for digital assets in England, setting a significant precedent for the treatment and regulation of such assets in the future.
