UK Parliament has reported that the Property (Digital Assets etc.) Bill completed its third reading in the House of Lords without amendments and, after both Houses agreed the text, received Royal Assent on 2 December, becoming an Act of Parliament. The Act is intended to establish that a thing can be property even if it does not meet traditional definitions developed in case law, and to clarify that assets such as crypto-tokens, cryptocurrency and non-fungible tokens could be capable of attracting property rights. It does not, however, determine that any particular category of thing is property.
UK Parliament 2025-05-09
UK Parliament secures Royal Assent for law clarifying crypto-tokens and NFTs can be capable of property rights
The UK Parliament announced that the Property (Digital Assets etc.) Bill has completed its legislative process and received Royal Assent, becoming an Act of Parliament. The Act establishes that digital assets like crypto-tokens and non-fungible tokens can attract property rights, though it does not classify any specific category as property.