Published on August 17th, 2015 | by bitcoin0
Japan’s Mt. Gox Ruling May Not Doom Japanese Bitcoin Owners After All
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 logic of the recent ruling could potentially disturb long-understood concepts of property law, and drastically alter the legal status of many payment methods.
The very specific facts of this case may render the ruling not applicable to future claims regarding bitcoin.