Cryptocurrency as Property – One Step Closer to a Determination in Australia

Lee Pascoe of Norton Rose Fulbright reports that the recent NGS Crypto matter, which started earlier this year as an urgent application of ASIC for the appointment of an interim receiver and asset preservation orders, is proving a boon for the development of Australian jurisprudence on issues associated with receivers and managers appointed to hold and manage digital assets, with the latest decision bringing cryptocurrency one step closer to being recognised as property under Australian law.

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