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Chamber and committees

Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 4 May 2021
  6. Current session: 13 May 2021 to 26 December 2025
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Displaying 1652 contributions

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Economy and Fair Work Committee [Draft]

Digital Assets (Scotland) Bill: Stage 1

Meeting date: 17 December 2025

Kevin Stewart

We have heard about the on-going legal arguments about whether new cryptocurrency is created with each transfer. Again, that relates to the complexity in this area that has been raised by some technologists.

You might want to bring in your team to speak about this, but I think that my very complicated question can probably be answered simply by saying that we are bringing all of this into property law.

Economy and Fair Work Committee [Draft]

Digital Assets (Scotland) Bill: Stage 1

Meeting date: 17 December 2025

Kevin Stewart

It will not surprise anyone to hear that, like the vast bulk of the public, I have not read any of the textbooks on Scots corporeal moveables.

I will be honest with you. During the morning, I have had a discussion on WhatsApp with some anoraks about the use of some of the buzzwords—I do not think that we can call them buzzwords; I will call them technical terms—that we have used today, including “rivalrousness” and “immutables”. None of that really matters to the folk out there, because the exercise that we are carrying out is simply to put digital assets into property law and to put protections in for people through our court system. It is that simple, is it not?

Economy and Fair Work Committee [Draft]

Digital Assets (Scotland) Bill: Stage 1

Meeting date: 17 December 2025

Kevin Stewart

Good morning. I have some questions about acquisition and transfer. First, however, I want to clarify something. In some regards, folk watching the evidence sessions will be baffled by some of what is being said—that is the reality—but the simple fact is that the bill is designed only to ensure that digital assets are included in Scots property law. It is that simple, is it not, minister?

Economy and Fair Work Committee [Draft]

Digital Assets (Scotland) Bill: Stage 1

Meeting date: 17 December 2025

Kevin Stewart

We are having a discussion about what should be a simple bill, and I recognise that the tangents that we have gone off on concern issues that will inevitably crop up in day-to-day life as we move forward.

Gordon MacDonald raised the idea of having a panel of experts to provide guidance. A lot of witnesses have mentioned that and have talked about how it could be used. However, it occurs to me that the issue of how digital assets impinge on other policy areas or legislation is too large to be addressed simply by an expert panel and that what is required is a holistic Government approach. Let us take the carbon credits aspect. Last week, Professor Robbie was a bit exercised by the fact that the carbon credits aspect had been deemed to be out of scope of the Land Reform (Scotland) Bill. The Government will have to pay more attention to that as we move forward, will it not?

Economy and Fair Work Committee [Draft]

Digital Assets (Scotland) Bill: Stage 1

Meeting date: 17 December 2025

Kevin Stewart

Thank you.

Economy and Fair Work Committee [Draft]

Digital Assets (Scotland) Bill: Stage 1

Meeting date: 17 December 2025

Kevin Stewart

Would anyone on your team like to comment on that?

Economy and Fair Work Committee [Draft]

Digital Assets (Scotland) Bill: Stage 1

Meeting date: 17 December 2025

Kevin Stewart

Again, a lot of questions have arisen from our evidence sessions, but they are not necessarily matters for the bill, which is a simple bill.

I will now move on to the confusing bits about transfers and corporeal moveables. The bill will treat digital assets as corporeal moveables for the purpose of acquisition and transfer, and that will create a body of case law to support decisions in the area. Some respondents to our call for views have highlighted risks, including in relation to involuntary transfer and on-going legal arguments about whether new cryptocurrency is created with each transfer. What work have the Scottish Government and your team done to scope out the impact of treating digital assets as corporeal moveables in that way?

Economy and Fair Work Committee [Draft]

Digital Assets (Scotland) Bill: Stage 1

Meeting date: 10 December 2025

Kevin Stewart

Thank you.

Economy and Fair Work Committee [Draft]

Digital Assets (Scotland) Bill: Stage 1

Meeting date: 10 December 2025

Kevin Stewart

Quite recently, there has been an explosion in folk buying land, with some becoming large landowners very quickly. In your opinion, has that expansion, a large amount of which has probably been down to carbon unit pricing and so on, had a negative effect on smaller tenants, farmers and landowners?

Economy and Fair Work Committee [Draft]

Digital Assets (Scotland) Bill: Stage 1

Meeting date: 10 December 2025

Kevin Stewart

It has been trying to do so basically since the Parliament was created.

I am interested in your thoughts on whether carbon units should be property.