UK Parliament Passes Landmark Law Recognizing Cryptocurrency as Regulated Property

The United Kingdom has enacted a groundbreaking law that formally classifies cryptocurrencies as regulated property. This legislative move provides a clear legal framework for digital assets, enhancing investor protection and legal certainty for crypto transactions and holdings within the UK jurisdiction. The law is expected to bolster the institutional adoption of digital currencies by defining ownership rights and legal recourse, positioning the UK as a forward-thinking hub for crypto and blockchain innovation. This regulatory clarity is a significant step towards mainstream financial integration for assets like Bitcoin (BTC) and Ethereum (ETH).