Recently the High Court heard a dispute relating to the hacking of an insurance company and a subsequent ransom payment in Bitcoin. The court had to decide if Bitcoins could be considered ‘property’ for the purpose of granting a proprietary injunction. The decision raises questions relating to the nature of property and heavily relies on the Legal Statement on Cryptoassets and Smart contracts (the Legal Statement). It is a significant decision because it signals judicial acceptance of the findings and analysis of the Legal Statement, the conclusion being that Bitcoin can be considered property in line with the arguments made in the Legal Statement.
Victoria Ball, ‘Bitcoin as property: AA v Persons Unknown, Re Bitcoin’  Conveyancer and Property Lawyer (2) 186-194.