TechFlow news, December 3: According to Cointelegraph, the UK Parliament has passed the Property (Digital Assets etc.) Bill, which has now received formal approval from King Charles. The bill explicitly classifies digital assets such as cryptocurrencies as personal property. This move grants crypto assets a clearer legal status, providing holders with legal protection regarding proof of ownership, recovery of stolen assets, and insolvency proceedings. Data from UK financial regulators indicate that approximately 12% of UK adults currently hold cryptocurrency.
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