Moscow Court Rules Crypto Assets Cannot Be Seized For Debt Payment | 코인긱스

Moscow Court Rules Crypto Assets Cannot Be Seized For Debt Payment

0

The Moscow Arbitration Court rules to exclude cryptocurrency from assets which can be seized from debtors.

In a hearing on Feb. 26, the Moscow Arbitration Court ruled that cryptocurrency funds of a bankrupt debtor cannot be seized as payment to creditors, local media group RBC reports.

The court considered an application filed by finance manager Aleksey Leonov, who requested permission to recover funds from a debtor, Ilya Tsarkov, by seizing Tsarkov’s crypto assets. According to RBC, Leonov requested that the court require Tsarkov to provide the password for his cryptocurrency wallet on the website Blockchain.info.

The court reviewed documents that proved Tsarkov was in possession of a crypto wallet with Bitcoins, but refused to grant Leonov’s request to seize Tsarkov’s cryptocurrency in order to repay the debt.

According to Nikita Kulikov, executive director of the Moscow law firm HEADS Consulting, the court could not have reached any other ruling, as cryptocurrency legislation is not firmly established in Russia at the moment.

“If the court had included cryptocurrency assets in the state of insolvency, that would have meant that Russian law recognized cryptocurrency assets as a type of money, which is contrary to the Central Bank’s stance, or as a property, which is not established by the law,” said Kulikov.

Leonov disagreed, stating that despite the murky legal status of cryptocurrencies in Russia, there is no reason for it not to be included in the group of assets which can be seized by a creditor. Leonov added that the precedent set by the court could result in an “outflow of assets” in future debt arbitration cases.

As previously reported by Cointelegraph, the Russian government will finalize regulations for cryptocurrencies, ICOs, and cryptocurrency exchanges by July, 2018.

https://cointelegraph.com/news/moscow-court-rules-crypto-assets-cannot-be-seized-for-debt-payment

No comments

인텔, 분산원장 블록 인증 자동화 기술 특허 청원

소프트웨어 대형업체 인텔이 분산원장 내 거래 인증방법을 혁신할 수 있는 신기술을 제시했다. 28일(현지시간) 코인데스크 보도에 따르면 인텔은 미국 특허청(U.S. Patent and Trademark Office)에 프로세서가 자동으로…