UK Recognizes Cryptocurrency as Property

The United Kingdom has officially recognized cryptocurrency as property, marking a significant milestone in the digital asset space. The new Property Digital Assets Act, which received Royal Assent, introduces a third category for digital assets, including cryptocurrencies and NFTs. This move offers clearer ownership rights, stronger protections for consumers, and a much-needed framework for the growing digital economy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.