🇬🇧 The UK House of Lords has announced that the Property Bill has received royal assent.
This legislation classifies cryptocurrencies and stablecoins as personal property, providing a legal basis for ownership, asset recovery, and treatment in cases of bankruptcy and inheritance.
"The passage of this bill is a giant leap forward for Bitcoin in the UK and for everyone who holds and uses it here,"
said Freddie New, policy lead at Bitcoin Policy UK, an advocacy group.
The UK financial regulator estimates that around 12% of UK adults held crypto last year.
🗞️ Cointelegraph
