‘Sir Geoffrey Vos, Chancellor of the High Court, gave a speech to the Joint Northern Chancery Bar Association and University of Liverpool Lecture, entitled: “Cryptoassets as property: how can English law boost the confidence of would-be parties to smart legal contracts?” ‘
Courts and Tribunals Judiciary, 3rd May 2019
Source: www.judiciary.uk
‘As the price of the controversial “cryptocurrency” Bitcoin plunges, new figures show that the City watchdog is stepping up its investigations into the murky sector.’
Daily Telegraph, 25th November 2018
Source: www.telegraph.co.uk
‘The regulation of cryptoassets is likely to get tighter in the UK, starting from next year, according to a new report by a body tasked with exploring whether new rules are needed to address their growing popularity.’
OUT-LAW.com, 31st October 2018
Source: www.out-law.com
‘Divorce ends the marriage but does nothing to end the financial arrangements between the parties. If the parties cannot agree these, and as part of court proceedings to determine who gets what, the parties have to provide full and frank disclosure to the other of their entire financial means. This procedure allows the parties to be open and transparent about the extent of the assets in the marriage. There could be a situation arising whereby a party seeks to hide their wealth but evidence provided with disclosure such as bank statements in paper form provides a paper trail and this makes for the hiding of cash movements very difficult. But what if that party holds Bitcoins or other crypto-currencies?’
Family Law, 4th May 2018
Source: www.familylaw.co.uk
‘Bitcoin is a form of digital currency developed in 2009. It is created and held electronically in a decentralized system meaning that no one and no government controls it. Bitcoins aren’t printed but are ‘mined’ by both people and businesses using software that solves complex mathematical problems. Prone to volatility, Bitcoin hit the news last month after it reached an all-time high then dropped in value by almost 20% in a time period of only 90 minutes. Despite its erratic nature, the interest and investment in Bitcoin is rapidly growing and with more people holding Bitcoin, it is likely to be a far more common asset in divorce proceedings. Further, the extra privacy given to Bitcoin holders, as opposed to those who hold money in a bank, has led to many discussions on whether it will be the case that non-disclosers in divorce proceedings will increasingly try to hide assets through Bitcoin.’
Family Law, 11th January 2018
Source: www.familylaw.co.uk
‘Byron James barrister, Expatriate Law (United Arab Emirates) considers the possible implications of bitcoin, bitchain and other developments on financial remedy cases.’
Family Law Week, 13th December 2017
Source: www.familylawweek.co.uk
‘The UK and other EU governments are planning a crackdown on bitcoin amid growing concerns that the digital currency is being used for money laundering and tax evasion.’
The Guardian, 4th December 2017
Source: www.theguardian.com
‘The question of whether the Proceeds of Crime Act 2002 (POCA) can be used to deal with Bitcoins¹ and electronic currencies has been the subject of some speculation by specialist practitioners recently. In my view it can be utilised, but it is not ideal. I will not deal with the technical difficulties in finding bitcoin accounts; what I will concentrate on in this article is finding the correct legal tools to recover the assets and what other options are available when it does not work.’
Drystone Chambers, 23rd October 2017
Source: drystone.com
‘A university lecturer has been jailed after buying a cocktail of drugs over the “dark web” that led to the death of his friend.’
Daily Telegraph, 5th April 2017
Source: www.telegraph.co.uk
‘Byron James, barrister, Fourteen considers the possible significance of the dark net and bitcoins in financial remedies cases.’
Family Law Week, 23rd November 2015
Source: www.familylawweek.co.uk
‘The Government is to regulate bitcoin exchanges to stop their use as money laundering hubs, the Treasury said today.’
Full story
The Independent, 18th March 2015
Source: www.independent.co.uk
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