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Bitcoin’s Irreversibility Challenges Int’l Private Law: Legal Scholar

Published 10/18/2019, 03:16 AM
Updated 10/18/2019, 03:21 AM
© Reuters.  Bitcoin’s Irreversibility Challenges Int’l Private Law: Legal Scholar

A German law professor has argued that permissionless networks such as Bitcoin (BTC) pose the greatest challenge when it comes to applying private law to the blockchain.

In an Oct. 18 article entitled “Who Owns Bitcoin? Private (International) Law Facing the Blockchain,” Professor Matthias Lehmann, chair of the Institute for International Private Law and Comparative Law at the University of Bonn, argued against the role of property law concepts for the blockchain in most scenarios.

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