Bitcoin whitepaper fight could end up in court as both parties escalate drama
The dispute over the legal ownership of the Bitcoin whitepaper could make it all the way to the courts as one website owner refuses to back down from Craig Wright's legal threats. The unfolding drama surrounding the ownership of the Bitcoin (BTC) whitepaper could very well make its way to the courts, after both sides embroiled in the dispute told Cointelegraph they’re ready to “go all the way."On Jan. 21, the owners of two Bitcoin websites were threatened with legal action by lawyers representing Craig Wright, the man who claims to be Bitcoin inventor Satoshi Nakamoto. Wright claims to be....
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A virtual currency cannot be circulated in the market as a currency, therefore a vehicle sale contract wherein parties agreed that the buyer would pay with a privately issued digital currency is invalid, a Chinese court has ruled. The court asserts that a virtual currency does not have the same legal status as national fiat currency.
Not Protected by Law
A Chinese court has ruled that a vehicle sale contract, in which the parties agreed that the buyer would pay via a virtual currency, violated mandatory provisions of laws and administrative regulations and is therefore invalid.....