Crypto values do not have the legal status of currency or money.
(Photo: Reuters)
Berlin At the start of the year, Elon Musk announced that Tesla had invested $ 1.5 billion in Bitcoin. Accordingly, the electric car manufacturer owns around 43,000 Bitcoin – which is now worth around 2.5 billion dollars according to current exchange rates.
Many other companies, also in this country, are now investing capital in crypto values, i.e. in crypto currencies and other digital tokens that are mapped decentrally organized by blockchains. But what if such companies go bankrupt? Are currency tokens and crypto securities even part of the bankruptcy estate? And how do insolvency administrators have to proceed with regard to the “blockchain-based objects”?
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