The United Kingdom has officially enacted the Property (Digital Assets etc) Bill, recognizing cryptocurrencies and stablecoins as personal property. This new legislation, which received royal assent, provides enhanced legal protections for digital asset owners, including clearer ownership rights and theft recovery processes. It also facilitates the integration of digital assets into insolvency and estate procedures. The law addresses previous ambiguities by confirming that electronic items can be treated as property rights objects, offering statutory clarity for digital assets that do not fit traditional property categories. This development is expected to streamline legal proceedings and support innovation in digital finance, as highlighted by CryptoUK and the Law Commission of England and Wales.