Arbitrating Cryptocurrency Disputes

By Theodore Snyder (May 29, 2018, 11:56 AM EDT) -- These days, the media is full of reports of cryptocurrency millionaires, early investors who bought bitcoin or other digital currencies at an early stage and have seen the value of their holdings multiply. Cryptocurrency markets have grown exponentially in recent years, surpassing $700 billion in market capitalization in January 2018.[1] Even after a recent sell-off, some still predict the market to exceed $1 trillion in value by the end of the year.[2] Inevitably, there will be disputes between market participants, including investors who will no doubt blame a host of others — their advisers, issuers and the platforms on which they trade — when they incur losses. U.S. investors[3] will often not have access to the courts to address these disputes because of predispute arbitration clauses contained in the standard agreements required by major industry providers....

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