Fintech

UK lawmakers to clarify crypto’s legal status as adoption grows

Labour government introduces bill to file crypto under personal property

Parliament will debate whether digital assets meet the legal definition of property
Parliament will debate whether digital assets meet the legal definition of property Photo: Getty Images

The UK government has introduced a bill to treat crypto and NFTs as personal property under British law.

The bill, introduced on 11 September, will provide legal protection to owners of bitcoin and other digital assets against scams.

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