According to reports, the UK has put new law on the books that names cryptocurrencies as property under English law. The measure was approved and was given Royal Assent on December 2, 2025. That move turns a long stretch of legal uncertainty into a clear rule about who owns what when it comes to Bitcoin, stablecoins and other tokenized assets. UK Grants Property Status To Crypto Based on reports, the bill — called the Property (Digital Assets etc.) Act 2025 — creates a new, third category of personal property for digital assets. The law covers England, Wales, and Northern Ireland. It does not make crypto money that must be accepted in shops, and it does not itself set new rules for exchanges or taxes. What it does do is give owners a firmer legal claim they can use in court. Courts Had Set The Stage Years Earlier Even before the law , judges were already treating crypto as property in some cases. For example, a High Court action in 2019 allowed a proprietary remedy over Bitcoin used in a ransom claim. Reports show another key ruling came in 2023 when a judge found that the stablecoin USDT could attract property rights under English law. Legal groups such as the UK Jurisdiction Taskforce had argued for years that crypto meets basic tests for property: it can be defined, found, transferred and held for a period of time. The new act simply puts that view into statute. Both takes miss it a bit. UK courts have already treated crypto as property for years; this just codifies and tightens the framework, especially for insolvency/estate stuff. It is “true” in the sense that the statute now spells it out, but it is not the revolution CryptoUK is… — Crypto Reply Guy (@CryptoReplyGuy1) December 2, 2025 Stronger Rights For Holders And Courts With property status written into law, people who hold crypto should find it easier to bring claims to recover stolen or lost assets. Creditors and insolvency practitioners will have clearer grounds to list digital assets in estates and bankruptcies. Reports suggest the change will make freezing orders, seizure and restitution easier to obtain through UK courts than before. That matters for victims of hacks, customers of failed platforms, and anyone trying to settle an estate that includes crypto. A Law, Not A Full Rulebook The act is a legal recognition, not a full set of rules for how crypto is bought, sold or taxed. Regulators still control licensing, anti-money-laundering checks, and market conduct. Tax authorities will keep defining how gains are assessed. Based on reports from legal commentators, the act acts as a foundation — it clarifies ownership first, and lawmakers or regulators can build more detailed rules on top of that later. Featured image from Unsplash, chart from TradingView
