Defining and Dealing with Digital Assets in – https://bitnewstoday.com/

In September last year, the US District Court for the District of Massachusetts gave a ruling to define bitcoin and other cryptocurrencies as commodities. Now it remains to be seen whether bankruptcy courts will follow this precedent when considering cryptocurrency in valuations and distributions.

There is continuing legal uncertainty concerning the approach towards cryptocurrency as an asset, however steps are being taken around the world which will help form a consistent approach. As a starting point, in the recent Tsarkov case in Russia, the Moscow Court of Appeal declared that cryptocurrency could be included in insolvency proceedin…

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