Law360 (February 7, 2019, 4:47 PM EST) -- Since the introduction of bitcoin in 2009, the prevalence of cryptocurrency in the global financial markets has skyrocketed. Indeed, today there are more than 2,500 different forms of cryptocurrencies with a total market capitalization of over $120 billion.
Despite the rapid growth of cryptocurrency, little is known about the issues that cryptocurrency poses in the restructuring and insolvency context. These issues should be of great significance for any participant in the cryptocurrency universe, including investors and users of cryptocurrencies, banks and other financial institutions, as well as federal, state, foreign, and international governmental and regulatory agencies.
This article examines four issues...
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