Did The UK Really Recognize Crypto While Simultaneously Trying To Ban It?
The United Kingdom on Tuesday formally recognized digital assets as a third category of property while simultaneously preparing legislation that would ban political parties from accepting cryptocurrency donations.
UK Establishes New Legal Status For Digital Assets
The Property (Digital Assets etc.) Act 2025 received Royal Assent from King Charles III, establishing digital assets such as Bitcoin and stablecoins as a legally protected form of property.
The reform creates a distinct category alongside traditional physical and intangible property rights.
CryptoUK, an industry trade association, said the law gives digital assets a clearer legal footing for ownership disputes, fraud cases, and insolvency processes.
Advocacy groups called it one of the most significant changes to English property law in modern history.
The Law Commission first recommended this framework in 2023, and courts had been treating crypto as property through case law.
The new statute codifies that approach and aims to reduce legal uncertainty for businesses and individuals.
UK Prepares Stablecoin Regime As Part Of Broader Digital Asset Strategy
The Bank of England recently opened a consultation on a regulatory regime for sterling-denominated stablecoins.
Deputy Governor Sarah Breeden said last month that the UK …
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