ASIC v Bit Trade: The Federal Court advances the analysis of Cryptocurrency as a Debt

Lee Pascoe of Norton Rose Fulbright explains why the Federal Court’s recent decision in ASIC v Bit Trade is significant for insolvency practitioners, as it refines the understanding of "debt" within the Corporations Act and affects how insolvency cases involving cryptocurrency transactions and other complex financial arrangements might be interpreted, particularly regarding the timing and recognition of debts.

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