The English High Court has ruled that cryptoassets are property under English law.Cryptoassets are not things in possession nor things in action,but a third category of property which English law recognises.Worldwide injunctive relief may be granted by the English High Court in relation to Cryptoassets—either proprietary or freezing injunctions.The English courts’objective is to provide much needed market confidence and a degree of legal certainty as regards English common law in an area that is critical to the successful development and use of cryptoassets and smart contracts in the global financial services industry and beyond.