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ARTICLE · 20 FEBRUARY 2018

Cryptocurrency Assets Under Insolvency And Personal Property Security Law

Aird & Berlis LLP
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Encrypted digital currencies ("cryptocurrencies"), particularly Bitcoin, have recently become the target of enormous international speculation and market scrutiny.

CanadaInsolvency/Bankruptcy/Re-Structuring
Aird & Berlis LLP
Aird & Berlis LLP
Dillon Collett
Dillon Collett
Sanjeev Mitra
Sanjeev Mitra
Steven Graff
Steven Graff
Ian Aversa
Ian Aversa
Jeremy Nemers
Jeremy Nemers
Author LinkedIn connections

Encrypted digital currencies ("cryptocurrencies"),1 particularly Bitcoin, have recently become the target of enormous international speculation and market scrutiny. Some expect cryptocurrency payments and other transactions tracked via distributed ledger technology ("DLT", of which "blockchain" technology is one example) to be the future of commercial interaction. The theory is that cryptocurrencies could become "the holy grail of commerce – a payment system that would eliminate or minimize the roles of third party intermediaries."2

Is Canadian commercial law ready for this brave new world? Specifically, how do the laws governing debtor-creditor relationships apply to cryptocurrencies?

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