Moscow arbitration court refused to consider the cryptocurrency of the debtor for settlement with creditors

In early February the court of Moscow has demanded to disclose the balance of cryptocurrency wallet Ilya Tsarkov. The man was declared bankrupt in October last year, but lenders are still trying to obtain part of the funds. Today, citizen freed from having to disclose the contents of the purse.

Cryptocurrency in court

The story began with the statement of financial Manager Tsarkova, according to RIA. Alexei Leonov told the court about the presence of crypto-currency wallet’s bankruptcy and demanded the inclusion of coins in the bankruptcy estate. In addition, asked to oblige Tsarkova to transmit data to access.

The court reviewed the application and did not satisfy him.

In the petition of the Treasurer to refuse.

The position of representatives Tsarkova was based on the absence of the legal status of cryptocurrencies in Russia.

Until the adoption of relevant Federal law to include the cryptocurrency in the bankruptcy estate is unacceptable.

Leonov’s position disagreed and predicted great popularity crypt among the debtors.

The debtors will transfer their assets in cryptocurrency, which is a financial Manager will not be able to reach.

The law was on the side of the bankrupt. Recall, the debt amounts to 19 million rubles. The arbitral Tribunal recognized the Tsar’kova unable to repay the debt. The male wage is 100 thousand rubles.

It seems, to the adoption of legislation on the regulation of cryptocurrency wallets of the defendants will actually be beyond the reach of the courts.

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