Seizure, Liquidation, And Collection Of Cryptocurrency

Introduction

Cryptocurrencies have become one of the most debated elements of the digitalized financial system and have secured their position on the agenda of Turkish law as well. Although the legal nature of cryptocurrencies remains controversial in academic writings, the main issue from the perspective of enforcement law is whether these assets can be considered part of the debtor's estate and, consequently, whether they may be subjected to seizure.

I.Definition of Cryptocurrency

A cryptocurrency is a digital asset designed to serve as a medium of exchange, created and transferred through various cryptographic methods. Cryptocurrency units constitute a form of digital, alternative, and virtual currency.