Scotland's Digital Assets Bill Introduced to Boost Innovation
A significant step towards digital innovation was taken at Holyrood on October 2, 2025, with the introduction of the Digital Assets (Scotland) Bill. This legislation, spearheaded by an Angus South SNP party member, seeks to establish robust legal foundations for digital asset ownership and acquisition in Scotland.
The bill's primary goal is to foster a supportive environment for innovation, ensuring Scots law can adapt to the evolving digital landscape. At the heart of the legislation is the clear recognition that digital assets can indeed be considered property under Scots law.
Business minister Richard Lochhead has welcomed the bill, highlighting its potential to provide much-needed legal clarity for businesses and investors operating within Scotland's thriving digital economy. By offering a solid legal framework, the Digital Assets (Scotland) Bill aims to boost confidence in the sector, encouraging further growth and investment.
The Digital Assets (Scotland) Bill, introduced at Holyrood, marks a crucial milestone in Scotland's digital journey. By providing legal recognition to digital assets and offering clarity to businesses and investors, the bill paves the way for further innovation and growth in the digital economy.
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