Policy Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail UK Passes Law Formally Recognizing Policy Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail UK Passes Law Formally Recognizing

UK Passes Law Formally Recognizing Crypto as Property

2025/12/03 18:55
5 min read
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail

UK Passes Law Formally Recognizing Crypto as Property

The Property (Digital Assets etc) Act received Royal Assent on Tuesday, the final step of an act becoming law after being passed by the U.K. Parliament.

By Jamie Crawley|Edited by Sheldon Reback
Dec 3, 2025, 10:55 a.m.
The U.K. now formally recognizes cryptocurrency as property following the passing of a new law. (Ugur Akdemir/Unsplash, modified by CoinDesk)

What to know:

  • The U.K. now formally recognizes cryptocurrency as property following the passing of a new law.
  • Crypto industry associations welcomed the act, hailing it as an important step in the legal recognition of digital assets, thus instilling greater confidence in users.
  • Cryptocurrency has been treated as property in court, but this has been on a case-by-case basis.

The U.K. now formally recognizes cryptocurrency as property following the passing of a new law this week.

The Property (Digital Assets etc) Act received Royal Assent, the final step of an act becoming law after being passed by Parliament.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the State of Crypto Newsletter today. See all newsletters
Sign me up

The act, approved by King Charles on Tuesday, was designed to modernize property law to take account of digital assets. Previously, property fell into one of two categories: things in possession, such as physical objects, and things in action, such as a debt.

The law establishes a third category that includes digital assets such as cryptocurrencies and non-fungible tokens (NFTs).

Crypto industry associations welcomed the law, hailing it as an important step in the legal recognition of digital assets and therefore instilling greater confidence for users.

"This change provides greater clarity and protection for consumers and investors by ensuring that digital assets can be clearly owned, recovered in cases of theft or fraud, and included within insolvency and estate processes," trade association CryptoUK wrote in a post on X.

"By recognising digital assets in law, the UK is giving consumers clear ownership rights, stronger protections, and the ability to recover assets lost through theft or fraud," Gurinder Singh Josan MP, co-chair of the Crypto and Digital Assets All Party Parliamentary Group (APPG) wrote in an emailed comment.

Cryptocurrency has previously been treated as property in court, but this has been on a case-by-case basis. This act makes the recognition law.

UK ParliamentUKPropertyLegislation

More For You

Protocol Research: GoPlus Security

Commissioned byGoPlus

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report

More For You

Taiwan Authorities Say Island's First Regulated Stablecoin Will Debut Next Year

Regulators have not decided whether the token will be tied to the Taiwan dollar or the U.S. dollar, a choice that will determine how deeply it tests the island’s currency controls.

What to know:

  • Taiwan's first locally issued stablecoin could launch in late 2026, pending regulatory decisions on the currency backing.
  • The Financial Supervisory Commission is drafting regulations that could allow financial institutions to lead the initial issuance of stablecoins.
  • The decision on whether the stablecoin will be tied to the U.S. dollar or Taiwan dollar remains unresolved.
Read full story
Latest Crypto News

Strategy Faces Possible MSCI Index Removal, Threatening Billions in Outflows: Reuters

Babylon’s Trustless Vaults to Add Native Bitcoin-Backed Lending Through Aave

Taiwan Authorities Say Island's First Regulated Stablecoin Will Debut Next Year

BlackRock's Spot Bitcoin ETF Options Secure U.S. Top 10 Ranking With 7.7M Active Contracts

Yi He, Arguably Crypto's Most Powerful Woman, Becomes Binance’s New Co-CEO

This Bitcoin-Led, Institutionally Anchored Cycle Shows the Three-Month Drop Isn’t a Winter: Glassnode

Top Stories

Yi He, Arguably Crypto's Most Powerful Woman, Becomes Binance’s New Co-CEO

Ether 'Bear Trap' Confirmed as Bitcoin Probes $93K, XRP Eyes $2.30 Hurdle

SOL, ADA, XRP Zoom 12% as Bitcoin Bounces Above $93K. But Will The Rally Last?

This Bitcoin-Led, Institutionally Anchored Cycle Shows the Three-Month Drop Isn’t a Winter: Glassnode

Strategy Faces Possible MSCI Index Removal, Threatening Billions in Outflows: Reuters

Taiwan Authorities Say Island's First Regulated Stablecoin Will Debut Next Year

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Zuckerberg denies Instagram was built to hook children

Zuckerberg denies Instagram was built to hook children

Mark Zuckerberg testified in a Los Angeles federal courtroom this week, defending Instagram against claims that the platform was built to hook children and teenagers
Share
Cryptopolitan2026/02/20 01:15
China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…
Share
BitcoinEthereumNews2025/09/18 01:37
Why Is Crypto Down So Far in 2026? Bitcoin Exits the Top 10 as Liquidations Rock the Market, But DeepSnitch AI Could See a Q1 1000x Run

Why Is Crypto Down So Far in 2026? Bitcoin Exits the Top 10 as Liquidations Rock the Market, But DeepSnitch AI Could See a Q1 1000x Run

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.
Share
Blockchainreporter2026/02/20 01:40