**[The UK Officially Incorporates Cryptocurrencies and Other Digital Assets into Legal Protection, Defining Them as a New Form of Personal Property]** The UK has officially incorporated crypto assets (such as cryptocurrencies and stablecoins) into legal protection as property. On Tuesday, the Speaker of the UK House of Lords, John McFall, announced that the "Property (Digital Assets, etc.) Act" has received Royal Assent from King Charles and is now law. Based on recommendations from the England and Wales Law Commission in 2024, the Act explicitly classifies crypto assets as a new form of personal property. This move provides a clearer legal foundation for digital assets, particularly in areas such as proof of ownership, recovery of stolen assets, and handling bankruptcy or inheritance matters. CryptoUK pointed out that the Act confirms that "things" in digital or electronic form can be the subject of personal property rights, even if they do not fall under traditional categories of "physical property" or "property in action." Industry experts believe this change offers greater clarity and protection for consumers and investors, while also laying the groundwork for supporting new financial products, tokenized physical assets, and a safer digital marketplace. The UK had previously planned to introduce a crypto regulatory framework aimed at bringing crypto businesses under rules similar to those governing other financial companies, driving its ambition to become a global crypto hub.