UK Finally Admits Crypto and Stablecoins are Now Personal Property – What a Shocker!

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Ah, the UK – where tradition meets innovation, and where the concept of “digital property” is now officially blessed by the highest powers. The UK’s Property (Digital Assets etc) Bill, freshly anointed with Royal Assent, is now law across England, Wales, and Northern Ireland. It boldly declares that cryptocurrencies and stablecoins, those ever-elusive digital treasures, are to be considered personal property. A “third category,” if you will – far more exclusive than mere tangible assets or those ever-dull claims. This law promises to make life just a tad easier when it comes to proving ownership, recovering stolen digital gems, handling inheritance (because who wouldn’t want their crypto collection passed down through the generations?), and navigating the fun maze of bankruptcy proceedings. 🍾🎩

And lest we forget, approximately 12% of UK adults, or as we like to call them, the “digital aristocracy,” now hold some form of crypto. It seems those once nebulous investments are no longer just a flight of fancy, but now blessed by statute rather than the whims of case law. How wonderfully civilized! 😏

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2025-12-03 11:12