According to the source, the UK has passed a law officially recognizing crypto as property, signaling stronger legal clarity for digital asset ownership and enforcement, pending official publication and guidance (source: UK Parliament/legislation.gov.uk). This development aligns with the UK Law Commission’s 2023 Digital Assets Final Report, which recommended treating certain digital assets as a distinct form of personal property to enable proprietary remedies and security interests (source: Law Commission of England and Wales, Final Report on Digital Assets, 2023). It also builds on the Financial Services and Markets Act 2023, which already brought certain cryptoasset activities within the regulated perimeter (source: Financial Services and Markets Act 2023, UK). For traders, clearer property rights are associated with improved custody, collateral, and insolvency treatment frameworks, an area highlighted by the Law Commission and HM Treasury’s 2023 consultation response on the future cryptoasset regime; monitor liquidity, spreads, and basis in BTC/GBP and ETH/GBP pairs and UK-listed crypto ETNs as the legislation and guidance are published (source: Law Commission 2023; HM Treasury, Future financial services regulatory regime for cryptoassets – Consultation Response, 2023; legislation.gov.uk).