UK Court Recognizes Virtual Gold as Property Under Theft Act

The UK Court of Appeal has determined that virtual gold in Old School RuneScape is considered property under the Theft Act 1968, enabling owners to pursue legal action for theft. According to NS3.AI, this decision arose from a case involving the alleged theft of approximately $748,385 worth of RuneScape gold by a former Jagex employee, which was sold in a combination of Bitcoin and fiat currency. The court differentiated between criminal property concepts and civil law, confirming that digital assets such as Bitcoin are already acknowledged as property under UK legislation.