UK to Introduce Bill to Clarify Legal Status of Crypto Assets

The United Kingdom is set to introduce a bill to clarify the legal status of crypto assets, CoinDesk reports. The UK Labor government said the bill will provide greater legal protection for owners of bitcoin and other digital assets. The bill introduces a new category of personal property, 'things', which will apply to certain digital assets. Once enacted, it will help the legal community determine ownership in disputes such as divorce and provide protection for cryptocurrency owners who have been subjected to scams and fraud.