UK passes law officially recognizing crypto as third kind of property
The UK's Property (Digital Assets etc.) Act 2025 legally recognizes digital assets as a distinct third category of property.Summary
The United Kingdom has reached a major regulatory milestone as the Property (Digital Assets etc.) Act 2025 received Royal Assent from King Charles III, officially recognizing digital assets like Bitcoin and stablecoins as a form of property. This new law establishes a third category of property rights, distinct from traditional physical objects or contractual rights. Industry advocates, like Susie Ward of Bitcoin Policy UK, celebrated the move, with one calling it potentially "the biggest change in English property law" since the Middle Ages. While UK courts had previously treated crypto as property on a case-by-case basis, codifying it into law provides clearer legal pathways for resolving crypto-related crimes, proving ownership, and handling assets during insolvency or estate cases. This legislative step follows a recommendation from the Law Commission in 2023 and occurs as the Bank of England consults on regulating systemic stablecoins.
(Source：The Block)