UK Parliament Introduces Bill to Recognize Bitcoin and Crypto as Personal Property
The new legislation aims to provide legal clarity and protection for Bitcoin and digital asset owners.
The UK Parliament has introduced the Property (Digital Assets etc) Bill today to officially and legally recognize Bitcoin, cryptocurrency, and other digital assets as personal property. With this new legislation, for the first time, British law would officially protect digital holdings such as Bitcoin and other cryptocurrencies, non-fungible tokens (NFTs), and carbon credits.
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