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In this article, Associate Carl N. Wedoff and co-author Andrew Helman explore the ambiguities surrounding how cryptocurrencies are viewed under commercial and insolvency law.
“Cryptocurrencies are steadily working their way into the traditional economy as payment systems and investment vehicles,” the authors write. “But should they? Digital assets as a medium of exchange offer tremendous flexibility and convenience, yet there is uncertainty in the way commercial law will treat this form of property, both in and out of bankruptcy.”