Post
Topic
Board Legal
Re: Country XXXX declares Bitcoin legal tender. What happens next?
by
Clobered09
on 14/03/2014, 00:45:16 UTC


I'm guessing that if a trade goes wrong at the moment (in any jurisdiction) and somebody effectively 'steals' your bitcoins, no jurisdiction recognises bitcoins as being money, and thus no legal system will consider you to have made a financial loss and they won't get involved.

Why would it matter that what was stolen isn't money?  If I trade my motorcycle to Bill for his car, and he finds a way to defraud me (fake title or something of the like), you honestly think the court says "oh, well, since no money was involved, there was no theft"?  That's not how the legal system works.