Golden Finance reported that the British government proposed a landmark move in Parliament on Wednesday. The bill aims to clarify the legal status of digital assets, including Bitcoin and other cryptocurrencies and NFTs, and treat them as personal property under English and Welsh law. Once passed, the bill will create a third category of personal property, beyond the current classification of "possessions" and "animals". This new category will cover certain digital assets and provide them with clear legal recognition and protection. Attorney General Heidi Alexander said that the law must keep up with evolving technology, and this legislation means that the industry can maintain its global leadership in the field of crypto assets and bring clarity to complex property cases.