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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Ripple’s Chief Legal Officer Stuart Alderoty met over the weekend with Senator Kirsten Gillibrand (D‑NY) to discuss regulatory policy for digital assets, a development market observers say could signal constructive engagement between industry and lawmakers.

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Published at 2026-03-09 20:00:35

Banks Consider Suing OCC After Crypto Charter Approvals

Several major U.S. banks are weighing legal action against the Office of the Comptroller of the Currency after it approved national trust charters for crypto firms, arguing the agency overstepped its authority. Banks say the move lets tech-driven companies secure bank status without being held to the same standards as traditional banks.

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Published at 2026-03-09 16:00:20

Florida Stablecoin Bill Passes 37–0, Heads to Governor DeSantis

Florida lawmakers approved a broad state-level regulatory framework for payment stablecoins with a 37–0 vote, advancing the measure to Gov. Ron DeSantis. If signed, it could become the nation’s first comprehensive state regime for stablecoin payments.

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Published at 2026-03-09 14:45:15

Bithumb Faces Proposed Six-Month Partial Ban Over AML Breaches

Local media report South Korean authorities have proposed a six-month suspension of virtual asset transfers for newly registered Bithumb users over alleged AML violations, while existing customers would remain unaffected.

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Published at 2026-03-09 12:45:47

Coinbase Launches Regulated Crypto Futures Across 26 European Countries

Coinbase Advanced has rolled out regulated Bitcoin, Solana, and equity index futures to traders in 26 European countries, effective March 9, 2026. The launch expands access to cleared, exchange-listed derivatives on Coinbase's European platform.