Theft Of 100 BTC Isn’t A Crime As a result of Bitcoin Isn’t Property

HomeCrypto News

Theft Of 100 BTC Isn’t A Crime As a result of Bitcoin Isn’t Property

On June 30, a Russian felony courtroom denied a movement to supply restitution to a sufferer of what would in lots of jurisdictions be a felony, ar



On June 30, a Russian felony courtroom denied a movement to supply restitution to a sufferer of what would in lots of jurisdictions be a felony, arguing that Bitcoin (BTC), as a digital forex, doesn’t get pleasure from the identical property safety as different belongings.

The case goes again to 2018, when the 2 males impersonating Federal Safety Service (FSB) brokers and their accomplices kidnapped the sufferer and compelled him into giving them 5 million rubles or $90,000 in money and 99.7 BTC — value about $900,000 on the time. The abductors had been sentenced to eight- and ten-year jail sentences. 

Digital currencies don’t have any authorized standing

As a part of the felony proceedings, the sufferer requested the courtroom rule to pressure the thieves to repay the funds that they stole from him. The courtroom dominated partially within the sufferer’s favor, asserting the thieves should repay the 5 million rubles. Nonetheless, when it got here to the cryptocurrency, the courtroom declared that it’s unable to fulfill the declare, since digital currencies aren’t acknowledged by Russia’s legal guidelines as authorized tender or its surrogate.

The sufferer should strive his luck in a civil courtroom. No matter any future authorized proceedings, this courtroom resolution is exceptional — in essence, it declared that Bitcoin theft shouldn’t be a criminal offense.



cointelegraph.com