Late 2017 will be remembered as the period in which everyday investors adopted cryptocurrency as an alternative investment class and rode the highs of Bitcoin at USD$20,000. In contrast, 2018 will be remembered as the year that cryptocurrency plunged and insolvency practitioners globally had to start considering how the asset class could be dealt with.
The year began with one formal insolvency proceeding in the ongoing Mt Gox saga in Japan. By years end courts around the world began grappling with the many issues that arise once an insolvency proceeding includes crypto-assets. Below we examine some of those insolvency proceedings and the issues that have and will continue to require the attention of insolvency professionals, lawyers, cre…
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