The UK Parliament’s Crypto and Digital Assets All Party Parliamentary Group (APPG) has welcomed the passage of a new digital asset property law.
The Property (Digital Assets etc) Act received Royal Assent on 2nd December 2025. In brief, the Act means “A thing (including a thing that is digital or electronic in nature) is not prevented from being the object of personal property rights.”
Co-Chair of the Crypto and Digital Assets APPG, Gurinder Singh Josan CBE MP, called the passage a landmark moment fo the UK and a step toward a complete regulatory framework for digital assets.
“With crypto ownership in the UK having almost trebled since 2021, this legislation provides the millions of people who own crypto in the UK with greater legal protections and clarity over their digital assets. By recognising digital assets in law, the UK is giving consumers clear ownership rights, stronger protections, and the ability to recover assets lost through theft or fraud. The Crypto and Digital Assets APPG will continue to champion strong consumer protections and ensure that legislation keeps pace with the rapid growth of digital assets.”
The other Co-Chair, Lord Vaizey of Didcot, added.
“The Crypto and Digital Assets APPG welcomes this important Act as a key milestone on the UK’s path to a complete regulatory framework for digital assets. Its passage into law delivers much-needed legal clarity for users of digital assets in the UK. With the Government committed to establishing a world-leading regime for crypto and digital assets, today’s development moves the UK decisively closer to that goal and sends a clear signal that we are serious about becoming a global hub for digital assets. The APPG will continue to press for a coherent, comprehensive regulatory framework that both protects consumers and gives industry the clarity it needs to innovate and thrive here in the UK.”