New bill introduced in Parliament to clarify crypto’s legal status
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Summary: Legislation milestone (11 September 2024): A government bill was introduced to confirm that certain digital assets can be treated as property under English and Welsh law — a precursor to the Property (Digital Assets etc) Act 2025. Helpful context for wills and disputes. Read the gov.uk announcement for the official timeline.
Policy background
Law Commission work highlighted that treating crypto as property reduces litigation cost and helps victims of theft pursue remedies. The 2024 bill was the legislative vehicle for those recommendations.
From bill to Act
Parliament scrutinised the bill through 2024–25; it became the Property (Digital Assets etc) Act 2025. Our Act summary explains what changed for everyday holders.