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Written Question
Digital Assets
Tuesday 30th January 2024

Asked by: Lord Holmes of Richmond (Conservative - Life peer)

Question to the Ministry of Justice:

To ask His Majesty's Government whether they have any plans to introduce the Law Commission's draft Bill on Digital Assets this parliamentary session.

Answered by Lord Bellamy - Parliamentary Under-Secretary (Ministry of Justice)

The Law Commission’s final report on Digital Assets did not include a draft Bill. However, the report recommended statutory confirmation of the existing common law position that certain digital assets and other intangible assets are capable of attracting personal property rights. The Government is carefully considering the Law Commission’s recommendations and will respond in due course.