UK among first countries to recognise crypto as personal property
Cryptocurrency
Millions of crypto owners have gained stronger legal protection as the Property (Digital Assets etc) Act received Royal Assent this week.
England, Wales and Northern Ireland are among the first countries in the world to confirm in law that digital assets – such as cryptocurrency or non-fungible tokens – can now be recognised as personal property.
This will provide greater protections and ensure they are treated like traditional assets.
The Government said the development means that FinTech companies are more likely to choose England, Wales, or Northern Ireland as places to do business.
Minister for Courts and Legal Services, Sarah Sackman KC MP, said: ”This new law will keep…
