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A Russian Court Has Recognized Bitcoin as Valuable Property

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A Russian Court Has Recognized Bitcoin as Valuable Property Empty A Russian Court Has Recognized Bitcoin as Valuable Property

Post by Vladdirescu on Thu May 10, 2018 2:28 am

A Moscow court has set a precedent, obliging debtor Ilya Tsarkov to give the financial manager access to his cryptocurrency wallet in order to restore the bankruptcy estate, local news outlet Vedomosti reported. Thus, the court indirectly recognized the digital currency as property and recognized its value.

According to the court decision on May 7, 2018, financial manager Aleksey Leonov will receive a password for the e-currency wallet belonging to Ilya Tsarkov, who was previously recognized a bankrupt. It is worth mentioning that on February 26 the demand to transfer the virtual coins to Leonov was rejected by the Moscow-based court.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/russian-court-recognized-bitcoin/

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