UK Codifies Digital Assets as New Property Category

The United Kingdom has officially recognized digital assets as a distinct category of personal property, with the Property (Digital Assets etc) Act 2025 receiving Royal Assent on December 2.

The act introduces a third property category, granting legal protection to holdings like #BTC and stablecoins.
This provides statutory clarity, replacing the previous inconsistent case-by-case court rulings.
It establishes clear rules for ownership, theft, inheritance, and handling of digital assets in bankruptcy and litigation.

The legislation is expected to strengthen the UK's position in the global crypto market by providing a firmer legal basis for recovering stolen assets and managing them in estate cases.

Previously, UK courts treated digital assets as property under common-law precedents.
The law offers everyday users the legal certainty associated with conventional property.

Bitcoin gained 6% over the past 24 hours and is trading at $92.9K.