UK crypto law makes digital assets legally recognized as personal property for the first time
On December 2, 2025, the UK officially recognized cryptocurrencies and digital assets as a separate type of personal property with the new Property (Digital Assets etc) Act 2025. Lord Speaker John McFall announced new legislation in the House of Lords. This law adds a third type of property in English and Welsh law, in addition to physical objects and contractual rights. The new classification includes cryptocurrencies, NFTs, and carbon credits.