AA v Persons Unknown, Re Bitcoin (2019) confirmed that cryptocurrency (Bitcoin) should be recognised as property capable of being the subject of a proprietary injunction. The case potentially sets a precedent in dealing with crypto assets in the context of cybercrime and ransom payments.
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🏛️ Court: Queen's Bench Division (Commercial Court) 🗓️ JudgmentDate: 17 January 2020 🗂️ Where Reported: [2019] EWHC 3556 (Comm); [2020] 4 W.L.R. 35 📍 Jurisdiction: United Kingdom
⚖️ Legal Principles
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Cryptocurrency as Property: The court decided that Bitcoin and other cryptocurrencies qualify as property, enabling proprietary injunctions to recover digital assets in cases of cybercrime and theft.