The Moscow bankruptcy court has ruled that cryptocurrencies of a bankrupt debtor will not be seized to pay his creditors. The trustee for the case has failed to convince the judge to include the debtor’s cryptocurrencies in the bankruptcy estate.
Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten
The court did not agree with the Leonov’s position. As they indicated in the decision, the concept of cryptocurrency is not set out in the current legislation, which does not allow to recognize digital money as property and, thus, include it in the bankruptcy assets.
https://news.bitcoin.com/court-seize-crypto-debt-payment-bankrupt-citizen-russia/
