UK officially recognises cryptocurrency as property
The United Kingdom has passed a law officially recognising cryptocurrency as a form of property. This marks a significant step in regulating digital assets and integrating them into the country’s financial system.
Source Coinpedia
Earlier, the largest UK banks launched a pilot project involving tokenised deposits in British pounds, set to run until mid-2026. This initiative opens up new opportunities for innovative financial products.
The new legal recognition is expected to facilitate broader adoption of cryptocurrencies in everyday financial transactions and enhance the investment appeal of the sector in the UK.
