UK Legalizes Cryptocurrency as Third Category of Property, Boosting Web3 Growth

A landmark legal act has officially recognized digital assets as a unique category of property in the UK, marking a significant milestone for cryptocurrency adoption and paving the way for increased institutional investment. The new ‘Property (Digital Assets etc.) Act 2025’ received Royal Assent from King Charles III on December 3rd, ending years of legal ambiguity surrounding cryptocurrencies.