Examining the Legal Status of Digital Assets as Property: A Comparative Analysis of Jurisdictional Approaches
This addresses the legal uncertainty for stakeholders in digital assets like cryptocurrencies and NFTs, but it is incremental as it builds on existing comparative analyses without introducing new empirical data.
This paper tackles the problem of defining and regulating digital assets as property across different legal jurisdictions, analyzing variations in approaches and their implications on ownership and rights, with the result of proposing a harmonized regulatory framework to balance innovation with legal certainty.
This paper examines the complex legal landscape surrounding digital assets, analysing how they are defined and regulated as property across various jurisdictions. As digital assets such as cryptocurrencies and non-fungible tokens (NFTs) increasingly integrate with global economies, their intangible nature presents unique challenges to traditional property law concepts, necessitating a re-evaluation of legal definitions and ownership frameworks. This research presents a comparative analysis, reviewing how different legal systems classify and manage digital assets within property law, highlighting the variations in regulatory approaches and their implications on ownership, transfer, and inheritance rights. By examining seminal cases and regulatory developments in major jurisdictions, including the United States, the European Union, and Singapore, this paper explores the emerging trends and potential legal evolutions that could influence the global handling of digital assets. The study aims to contribute to the scholarly discourse by proposing a harmonized approach to digital asset regulation, seeking to balance innovation with legal certainty and consumer protection.