Bitcoin Gains Formal Legal Status in the UK as Digital Assets Bill Becomes Law

According to Cointelegraph, the UK has enshrined digital assets such as cryptocurrency and stablecoins as property in law through the Property (Digital Assets etc) Bill, a move supporters say will bolster legal protection for users and market participants.

Lord John McFall, the Lord Speaker of the UK House of Lords, confirmed that the bill has received Royal Assent from King Charles III, formally becoming law and signaling a new regulatory milestone for the UK’s crypto framework.

Advocates including Bitcoin Policy UK describe the development as a watershed for Bitcoin users, establishing formal recognition that could streamline dispute resolution and enhance investor confidence across the domestic crypto ecosystem.

While the common law tradition already treated digital assets as assets, the bill codifies those principles and incorporates 2024 Law Commission recommendations to articulate crypto assets as a distinct form of personal property rights, clarifying jurisdictional and property remedies.