Post
Topic
Board Bitcoin Discussion
Re: Unique sentence in Spain: judge rules that a debt must be paid in Bitcoin, not €
by
Die_empty
on 06/06/2023, 23:33:44 UTC
The judge must have believed that it would be preferable if the debt in bitcoin were resolved in bitcoin since it would be more formal and appropriate and since there is no law prohibiting the adoption of cryptocurrency. It's encouraging to see that certain locations are now accepting bitcoin. gradually, in the years to come, the tale of bitcoin will change. It will be challenging for certain regions to accept bitcoin as legal tender, but I am certain some will.
The issue was that the debtor wants to pay part of the debt in fiat money but the creditor refused because he wants his money in Bitcoin. This judgment was triggered by the fact that bitcoin is recognized as a currency in  Spain. And the judge in his wisdom ruled that the debt should be paid with the agreed currency. I wonder what will happen if such a disagreement happens in Mainland China. Both parties will just keep silent or settle the matter between themselves and the creditor would have been cheated. This is because exposing such a case might lead to confiscation of the funds or even imprisonment.