The UK Law Commission funded by the Ministry of Justice has recommended that the country create a tailored framework for using crypto as collateral. This scope would extend beyond existing regulations, urging the government to treat crypto assets as a new type of property. The commission also calls for the establishment of an expert panel to advise courts on complex legal issues related to digital assets. This comes as a result of the first-ever government-commissioned analysis of existing legal frameworks for crypto and NFTs in the UK. The commission's proposals aim to solidify the legal foundation for digital assets, suggesting that existing options for using crypto as collateral are inadequate and need to be considered further, given the high level of individual participation in crypto markets.