United Kingdom: Opened consultation on Property (Digital Assets etc) Bill (HL Bill 31)

On 19 November 2024, the Special Public Bill Committee launched a consultation on the Property (Digital Assets etc) Bill until 20 December 2024. The Bill aims to clarify the legal status of digital assets such as Bitcoin, non-fungible tokens, and carbon credits under English and Welsh law. The consultation seeks evidence on the necessity and effectiveness of the Bill, its potential negative consequences, possible improvements, and whether it should have a retroactive effect. The consultation seeks input from individuals and entities involved in the management, trading, and ownership of digital assets.