UK Recognizes Cryptocurrencies as Legal Property Under New Act

The United Kingdom has cemented its position in digital finance with the Property Act 2025, formally classifying cryptocurrencies as legal property. This legislative shift creates a third category of personal property, distinct from traditional tangible and intangible assets, following recommendations from the Law Commission.

The MOVE aligns the UK with progressive jurisdictions like the United States, signaling its ambition to become a global hub for digital assets. Legal experts highlight the Act's pivotal language: digital assets are no longer excluded from personal property rights solely due to their non-physical nature.

While the legislation doesn't automatically qualify all digital assets as property, it removes systemic barriers in common law that previously hindered such recognition. Market observers view this as a foundational step for institutional adoption, though specific regulatory frameworks for individual cryptocurrencies remain undefined.