When Blockchain Meets Article 9 And BankruptcyCryptocurrencies like bitcoin have been touted as everything from a tool that will revolutionize commerce to “the very worst of speculative capitalism.” Less attention has been given to their practical application vis-à-vis commercial and insolvency law.
Even so, cryptocurrencies are steadily working their way into the traditional economy as payment systems and investment vehicles. For example, as 2017 drew to a close, 11 percent of Americans surveyed said they currently or previously owned virtual currencies, major financial institutions began offering cryptocurrency trading and investment products, and...
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