Noel McGrath, ‘Transacting in a Vacuum of Property Law’

Bitcoin is an electronic payment system which allows for value to be transferred from one person to another using electronic coins known as bitcoins. Title to bitcoins is recorded using a distributed electronic database known as the blockchain. This paper considers the status of bitcoin as a matter of domestic English property law. It considers, and rejects the argument that bitcoin should be thought of as a form of money, and instead argues that bitcoin is best thought of as a novel form of chose in action.

McGrath, Noel, Transacting in a Vacuum of Property Law (April 25, 2016). TLI Think! Paper 22/2016.

First posted 2016-06-03 12:27:00

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