Intangible Property Status

Definition ∞ Intangible Property Status refers to the legal classification of digital assets as non-physical property that can be owned, transferred, and protected under law. This status is critical for determining how cryptocurrencies and non-fungible tokens are treated for taxation, inheritance, and regulatory purposes. It recognizes their value despite lacking physical form.
Context ∞ The intangible property status of digital assets is a central point of discussion in legal and financial news globally. Jurisdictions are presently working to establish clear legal precedents for these assets, affecting how they are regulated and valued. A critical future development involves the harmonization of international legal interpretations to provide greater certainty for asset holders and businesses.