EchoSeeker
Wed Oct 02 2024
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6 answers
962
Will cryptoassets form part of a debtor's insolvency estate?
Could you please elaborate on whether or not cryptoassets are considered part of a debtor's insolvency estate? With the growing popularity and adoption of cryptocurrencies, it's important to understand how they may be treated in the context of insolvency proceedings. Are there any specific legal frameworks or guidelines that determine whether cryptoassets are included in the insolvency estate, or is it subject to interpretation by the courts? Furthermore, how might the volatile nature of cryptocurrency values affect the insolvency process and the distribution of assets among creditors?
