UK law confirms cryptocurrencies are property after royal assent

Published at 2025-12-03 05:00:08

A bill confirming that existing property laws apply to cryptocurrencies received royal assent in the UK on Dec. 2, 2025. Lawmakers and industry backers say the change provides a much clearer legal footing for tokens and other digital assets, helping to clarify who legally owns on-chain holdings and how courts can treat them in disputes, theft recoveries and insolvency cases.

The reform could accelerate institutional adoption by reducing legal uncertainty around custody, lending and exchange operations, though practical questions remain about cross-border enforcement and how the change interacts with financial regulation and AML rules. Observers expect early court cases to test the boundaries — particularly in DeFi and tokenized asset disputes — and for firms to update custody and compliance practices in response.

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VTB, Russia’s second-largest bank by assets, will let clients buy and sell cryptocurrencies directly via brokerage accounts starting next year, expanding beyond its current derivatives exposure.

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Published at 2025-12-03 20:30:07

Coinbase Partners With Major U.S. Banks on Stablecoin and Crypto Pilots

Coinbase said it is collaborating with leading U.S. banks on stablecoin projects and pilot crypto services, with CEO Brian Armstrong noting banks are "leaning into this as an opportunity." The move reflects a growing, if cautious, Wall Street interest in crypto infrastructure.

CoinbaseRegulationStablecoinCrypto InfrastructureWall StreetBanks

Published at 2025-12-03 19:45:15

Polymarket Relaunches in U.S. After CFTC Approval

Polymarket announced its U.S. return after the Commodity Futures Trading Commission approved it to operate as an exchange, marking a major regulatory milestone for prediction markets. The relaunch comes amid rising user interest and participation in event-based trading.

RegulationPolymarketCFTCCryptoPrediction markets

Published at 2025-12-03 17:15:09

Japan's 20% Crypto Tax Could Ignite Retail Investor Rally

Japan is moving to implement a flat 20% tax on crypto gains, a shift observers say will awaken a 'sleeping giant' of retail investors by lowering rates and simplifying reporting.

JapanRetail InvestorsCrypto TaxRegulationMarket Outlook

Published at 2025-12-03 13:45:13

Gensler Singles Out Bitcoin, Labels Most Crypto ‘Highly Speculative’

In a Bloomberg interview, SEC Chair Gary Gensler said Bitcoin is distinct from most other tokens and called the rest “highly speculative.” His remarks reinforce regulatory caution that could shape listings, custody and institutional interest.