The Property (Digital Assets etc) Bill (‘the Bill’) was introduced by the UK government into the House of Lords in September 2024 with the aim of clarifying the concept of ‘digital assets’ as personal property in England and Wales. The Bill has since passed second reading and in February 2025, was amended by a special public bill committee to expand the scope of jurisdiction to include Northern Ireland.

The progression of the Bill follows specific statutory law reform outlined in a report conducted by the Law Commission in 2023, which emphasised and outlined the need for, and barriers against, the legislation and legal sector being able to keep pace with the ever growing and complex area of digital assets.