News Explorer — UK Legally Recognizes Cryptocurrency As Property

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Dec 3, 10:55 am

Coindesk

UK Legally Recognizes Cryptocurrency As Property

The UK has officially recognized cryptocurrency as property with the passing of the Property (Digital Assets etc) Act, establishing a new legal category for digital assets like cryptocurrencies and NFTs. This law aims to modernize property law to include ownership rights and protections for consumers and investors.

The UK has officially recognized cryptocurrency as property with the passing of the Property (Digital Assets etc) Act, establishing a new legal category for digital assets like cryptocurrencies and NFTs. This law aims to modernize property law to include ownership rights and protections for consumers and investors.

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