According to the source, the UK is reported to have passed a Digital Assets Bill recognizing crypto as personal property, but this claim requires verification against official parliamentary and statute records before trading decisions are made (source: https://bills.parliament.uk/; https://www.legislation.gov.uk/). In the UK, a bill only becomes law on Royal Assent and its provisions apply on specified commencement dates, which directly affect when any property-rights changes would be enforceable in markets (source: https://www.legislation.gov.uk/). The Law Commission’s 2023 final report recommended recognizing certain digital assets as a distinct form of personal property, providing context for potential statutory changes and custody, collateral, and insolvency treatment (source: https://www.lawcom.gov.uk/project/digital-assets/). Traders should confirm the enrolled Act text and commencement schedule and cross-check any FCA-supervised product implications before adjusting exposure to UK-linked BTC and ETH instruments, custody setups, or security interests (source: https://www.legislation.gov.uk/; https://www.fca.org.uk/markets).

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).