UK Grants Digital Assets Legal Status, Equipping Owners with Stronger Protection

The United Kingdom has formally implemented a landmark law granting digital assets official property status. This move aims to provide users greater security and clarity in legal disputes surrounding their digital holdings. The new legislation, known as the Property (Digital Assets etc) Act, received royal assent after navigating years of debate and uncertainty about how digital assets should be treated under UK law. Previously, courts lacked a clear framework to establish ownership or handle claims related to digital items in legal proceedings. ]