Published on August 17th, 2015 | by bitcoin0
Bitcoin Ownership Rights May Not Be Doomed By The Japanese Ruling
Although the ruling seems dangerously misguided, it will likely be relegated to its own specific facts and not govern future disputes over bitcoin ownership.
Why This Opinion Seems Dangerous:
Taking the court’s conclusions about bitcoin at face value could create problematic results.
Many intangible assets such as trademarks, franchises, patents, consumer goodwill and contract rights are recognized as legally protectable assets worldwide.
The very specific facts of this case may render the ruling not applicable to future claims regarding bitcoin.
Finally, as noted by the Japanese Times, the presiding judge may have felt constrained because bitcoin is not directly addressed by any existing Japanese law.