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FollowingThe UK has passed a law formally recognizing digital assets as personal property. The bill provides a clearer legal basis for courts to hear cryptocurrency-related cases. The Property (Digital Assets, etc.) Act 2025 received Royal Assent on December 2, 2025.
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The UK officially recognizes cryptocurrencies as a third category of property
On Tuesday, the UK enacted legislation to officially recognize digital assets as a separate category of property. The bill received Royal Assent from King Charles III earlier this week, marking its official entry into force and a milestone.
The Property (Digital Assets, etc.) Act 2025, passed through both houses of Parliament without any changes, recognizes that digital assets can enjoy different property rights than traditional categories, including physical and contractual rights.
The bill defines a digital asset or \"object of personal property rights\" as:
\"An item (including an item of a digital or electronic nature) is not simply because it is not--
(a) something owned, or (b) something in progress.\"
This development is significant because it recognizes the legal status of digital assets as property from a legal perspective. Holders of digital assets are now better protected in terms of ownership, inheritance and recovery. In addition, it also provides clearer guidance for courts to handle cryptocurrency-related disputes.
The bill was originally recommended by the Law Commission for England and Wales, an independent statutory body, in 2023 and will be submitted to the House of Lords in September 2024. The law applies to England, Wales and Northern Ireland.
Industry giants praised the bill
The bill was welcomed by industry stakeholders who have long advocated formal protection of digital assets.
![](\"/d/file/20260630/974c0c5927a7470a829c3508bca12f84.png\")
Susie Ward, CEO of Bitcoin Policy UK, wrote on X:
\"There is now a third class of property that ultimately provides legal protection for the securities you hold.\"
Freddie New, chief policy officer at Bitcoin Policy UK, described the legislation as:
\"... this is probably the biggest change in British property law since the invention of beneficial ownership in the Middle Ages.\" Cryptocurrency lobby group Crypto UK issued a statement on X:
\"This change provides greater transparency and security to consumers and investors, ensuring that digital assets are clearly owned and can be recovered in the event of theft or fraud, and included in bankruptcy and estate management procedures. This marks a far-reaching shift in giving ordinary holders the same confidence and certainty as other forms of property.\"
CryptoUK added that this development will greatly strengthen \"the foundation for future innovation in the UK\'s digital assets and tokenization space.\"
