UK government confirms crypto as protected personal property
New legislation gives cryptocurrency and other digital assets clear property status in the UK, improving fraud protection and encouraging greater confidence across the fintech sector.
A significant shift in property law has occurred in the United Kingdom, as digital assets are gaining formal recognition as personal property.
The Property Digital Assets Act has received Royal Assent, giving owners of cryptocurrency and non-fungible tokens clearer legal rights and stronger protection. Greater certainty over ownership aims to reduce disputes and strengthen trust in the sector.
The government aims to boost the country’s position as a global centre for legal innovation, rather than merely reacting to…
