UK to Introduce Bill Clarifying Legal Status of Crypto Assets

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September 12, 2024
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The UK government has submitted a bill to Parliament that addresses the legal status of digital assets like cryptocurrencies, non-fungible tokens (NFTs), and tokenized real-world assets (RWAs). The bill will provide greater legal protection for owners of Bitcoin and other digital assets. It introduces a new category of personal property called "things" that will apply to certain digital assets. Once enacted, it will help the legal community determine ownership in disputes like divorces and provide protection for cryptocurrency owners who have suffered from scams and fraud. (Coindesk)

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