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 @BullTheoryio, a new UK law reclassifies cryptocurrencies as legal property on par with stocks, real estate, and other assets, granting holders clear rights to own, inherit, recover, and treat crypto like regulated assets. According to @BullTheoryio, this change removes major legal uncertainty and enables crypto to be used more easily in estate planning, lending, and as collateral in regulated markets. According to @BullTheoryio, the clarification is expected to increase institutional comfort with crypto exposure and infrastructure participation. According to @BullTheoryio, crypto-backed property structures may become mainstream as the legal framework aligns with traditional asset treatment. According to @BullTheoryio, no statute name or official reference was provided in the report, and traders should monitor official UK releases for implementation specifics.