Is cryptocurrency property? – Proctor
Since Satoshi Nakamoto launched Bitcoin to the public in 2009 on the back of the Cypherpunk movement, Bitcoin and other crypto assets1 have touted a payment system free from a decentralised system of control.
The huge growth of crypto assets over the last 15 years has had a significant impact on business and finance. It has also created numerous complex issues for governments and individuals alike.
A key question that will arise for legal practitioners in advising their clients with interests in crypto assets interests is whether (and in what circumstances) those interests, or those crypto assets, are considered to be property?
In Australia, there is yet to be a definitive answer to that question.
Careful…
