Bitcoin and Cryptocurrency – Basic Legal Problems
01 Aug 2018
The usage of Bitcoin and other types of cryptocurrency is increasing in international commerce. Like any other emerging technology, there are numerous potential legal issues surrounding the use of cryptocurrency, most of which remain untested in the Courts.
This update explains the mechanics of Bitcoin (the most widely used cryptocurrency at present) and highlights some of the potential legal issues.
In subsequent updates, we will address other complexities of cryptocurrency, emerging uses of the underlying technology, and how they intersect with the legal process.
Please click here to read the update.
Content authored by: Gary Low, Director, Dispute Resolution; and Terence Tan, Senior Associate, Dispute Resolution.