The United Kingdom has officially recognized digital assets as legal property. The corresponding bill has received royal assent, as announced by Lord Speaker John McFall. King Charles' signature has solidified the new legal status of cryptocurrencies and stablecoins, concluding the legislative process that began in September 2024. 

The new law eliminates legal uncertainty, ensuring that cryptocurrency holders enjoy protections equivalent to those of traditional property owners. Digital assets can now be legally classified as property, included in inheritance practices, or accounted for in bankruptcy proceedings. Additionally, the mechanism for recovering lost or stolen assets has been simplified, significantly enhancing investor security.

The civil rights group CryptoUK has hailed this as a significant step toward establishing reliability for market participants. The decision is based on recommendations from the Law Commission, which proposed creating a distinct category of personal property for digital assets, taking into account their unique nature and technical characteristics.