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Roman Prokofiev | A commentary for «‎Legal Work in a Credit Institution» Journal

–02.04.2021

The article focuses on: Judicially based recommendations for banks to foreclose on assets hidden by a «‎digital veil».

Arguments:

1. Transactions to acquire cryptocurrencies may not be invalid on the grounds that there is no such asset in the list of objects of civil law.

2. Cryptocurrencies purchased without identification must be declared; otherwise transactions therewith have no legal protection.

3. The potential inclusion of data or information in the bankruptcy estate has its own peculiarities related to the protection of personal data.