The Property (Digital Assets) Bill: D’Aloia v Persons Unknown [2024] EWHC 2342 (Ch)

The Draft Property (Digital Assets) Bill marks a key moment in English property law, recognising digital assets as a distinct category of property. This legislation bridges legal gaps, empowering courts to address complex ownership and rights issues in the digital age.

The Property (Digital Assets) Bill in D’Aloia v Persons Unknown [2024] EWHC 2342 (Ch)

The UK’s introduction of the Draft Property (Digital Assets etc) Bill in September 2024 marks a critical juncture in modern property law, addressing the evolving legal landscape surrounding digital and electronic assets.

Property (Digital Assets etc) bill introduced into Parliament - Law Commission
The Government has today introduced the Property (Digital Assets etc) Bill into Parliament. The Bill enacts the recommendations of the Law Commission of England and Wales. Its effect is to confirm the existence of a third category of personal property, into which crypto-tokens and other assets could fall. The Bill is available here and has … Read more >

By affirming that digital or electronic entities can constitute objects of personal property rights, the Bill sets a foundation for courts to adapt to the complexities of a digital economy.

However, this legislative move, while significant, invites broader discussions about the future implications for property law and its adaptability to technological innovations.

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