Citing BitcoinWorld, the United Kingdom has passed a landmark law officially classifying crypto as property, providing a statutory legal framework for digital assets. The new Property Bill, which received royal assent, codifies the treatment of cryptocurrencies and NFTs as property, offering clarity on ownership, asset recovery, inheritance, and bankruptcy. This move strengthens legal protections for crypto holders and supports the UK’s position as a hub for responsible crypto innovation.
UK Officially Recognizes Crypto as Property in Landmark Legislation
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