UK Grants Crypto Legal Status as Personal Property

The United Kingdom has passed a landmark bill recognizing cryptocurrencies and stablecoins as personal property under its law, marking a significant step towards modernizing its legal system for the digital age. This legislation grants these assets similar rights to traditional physical property, including ownership protection and dispute resolution mechanisms. The bill, which received royal assent, seeks to provide clarity and legal backing for crypto holders and investors in a way that aligns with existing property laws.