As reported by Coinrise, the United Kingdom has enacted the Property (Digital Assets etc) Act, granting digital assets full property status under national law. The legislation, which received royal assent this week, clarifies the legal treatment of digital holdings in disputes, ownership claims, and insolvency proceedings. Previously, courts had to determine case-by-case whether digital assets qualified as property. The new law establishes a statutory framework, offering consistency and legal clarity. Advocacy group CryptoUK noted that the act confirms digital assets as personal property, addressing a gap in UK law that had complicated legal processes. The move is expected to support the growth of token-based financial services and secure digital marketplaces, as digital asset ownership continues to rise among UK adults.
UK Enacts Law Granting Digital Assets Full Property Status
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