The
U.K.
government
introduced
a
bill
to
Parliament
touching
on
the
legal
status
of
digital
assets
including
cryptocurrencies,
non-fungible
tokens
(NFTs)
and
tokenized
real-world
assets
(RWAs).
The
bill
will
clarify
that
these
assets
are
considered
personal
property
under
British
law.
Once
enacted,
it
will
give
the
legal
profession
guidelines
to
follow
when
there’s
a
dispute
on
ownership,
such
as
during
a
divorce.
It
will
also
provide
protection
to
crypto
owners,
whether
individuals
or
companies,
who
are
hit
by
fraud
and
scams.
