Litigation: Crypto Assets and Token Claims
The imminent crypto revolution is moving parallelly to the case law's development.
From claims for return of crypto assets to claims seeking to establish the exact legal nature of a crypto asset – our legal team has already gained experience this pioneer field.
Blockchain technology does help a lot to trace the route of a smart contract transaction; yet we are often challenged to explain to court experts who exactly the legal owner of the asset is. Courts around the world have already evolved to conclude that crypto (Bitcoin in particular) is a type of property (or financial asset, money, or security) and Bulgarian courts tend to support this.
Admittedly, crypto-centered court battles appeal to us with their never-ending room for interpretation about the nature of the digital assets, the transactional chain, and the evidential value of DLT.