The Law Commission for England and Wales has urged its government to classify all cryptocurrencies as a new form of personal property in its final report on digital assets. The Law Commission is an independent body responsible for reviewing and recommending legal reforms in England and Wales. On July 30, it released a supplementary report highlighting the shortcomings of the current classification of personal property and its legal implications for cryptocurrencies. Under UK law, personal property is divided into two categories: chattels (tangible property) and choses in action (intangible property, such as debts or rights). The Commission believes that digital assets, including cryptocurrencies and non-fungible tokens, can possess both of these characteristics and hinder dispute resolution in court cases.