Cryptoassets continue to grab headlines after the recent decision by a judge in the U.K.’s Commercial Court who found that a cryptoasset, such as Bitcoin, was a form of property capable of being the subject of a proprietary injunction.
In this case the claimant was able to obtain an injunction against the defendants, freezing the Bitcoin they owned. This follows on from the UK Jurisdiction Taskforce’s statement towards the end of last year that cryptoassets are, in principle, property under English and Welsh law. The judge’s finding was significant as it is the first judicial decision on the status of cryptoassets in this emerging area, rather than us having to simply rely on guidance.
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