The Digital Assets (Scotland) Bill aims to provide clear legal recognition that digital assets can be property in Scots law. The new legislation creates “robust” legal foundations around digital asset ownership and acquisition.

Business minister Richard Lochhead said: “This legislation provides the legal clarity that businesses and investors need to thrive in Scotland’s digital economy.

“By clarifying how digital assets are treated under Scots property law, we are building strong foundations for innovation and ensuring that Scots law can accommodate these innovations.”