The Property (Digital Assets etc) Bill is the outcome of the Law Commission’s 2023 report on digital assets which highlighted the lack of protection for digital assets.
What digital assets does the Bill encompass?
Digital files, digital records, email accounts, domain names, in-game digital assets, digital carbon credits, crypto-tokens and non-fungible tokens (NFTs) (not an exhaustive list). However, the technology which is used to create such digital assets is not included within the Bill. For example, cryptography, distributed ledgers, smart contracts and associated technology are outside the scope.
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