http://www.legislation.gov.uk/asp/2026/12/section/1Digital Assets (Scotland) Act 2026enStatute Law Database2026-07-01Expert Participation2026-07-01 1 1 For the purposes of this Act, a digital asset is a thing that— a arises from an electronic system that makes it rivalrous, and b exists independently from the legal system. 2 An electronic system makes a thing rivalrous if— a the system maintains an immutable record of transactions in relation to the thing, and b that record is used to ensure that when, within the system, a person transacts in relation to the thing in a certain way (for example by transferring or spending it), the person loses the ability to transact in relation to the thing in that way again. 3 An electronic trade document within the meaning of section 2 of the Electronic Trade Documents Act 2023 is not a digital asset for the purposes of this Act. S. 1 not in force at Royal Assent, see s. 9(2)S. 1 in force at 1.7.2026 by S.S.I. 2026/197, reg. 2(a)