‘Who Owns Bitcoin? Private (International) Law Facing the Blockchain’

“The widespread use of virtual currencies and other crypto assets may lead to problems that have been well-known for centuries in private law. The media reveal on an almost daily basis numerous cases of transfers that are the result of either fraud or coercion. Less reported, but equally possible is that the transferor commits a mistake or lacks legal capacity when making the transfer. Besides problems with faulty transfers inside the blockchain (which may be called ‘endogenous problems’), there may also be a need to change the blockchain because of events that take place outside of it (to be called ‘exogenous problems’). Examples include the opening of insolvency proceedings or a succession into the estate of the holder of crypto assets …” (more)

[Matthias Lehmann, Oxford Business Law Blog, 18 October]

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