Ruscoe v Cryptopia Ltd (In Liquidation) [2020] NZHC 728

Ruscoe v Cryptopia Ltd (2020) is a New Zealand High Court case which ruled that cryptocurrency is a property, influencing insolvency law and digital asset protection during company liquidations.

Ruscoe v Cryptopia Ltd (In Liquidation) [2020] NZHC 728
This post critically analyses the case of Ruscoe v Cryptopia Ltd (In Liquidation), focusing on the legal issues, material facts, judgment, legal principles and the legal reasoning.

🏛️ Court: High Court of New Zealand
🗓️ Judgment Date: 8 April 2020
🗂️ Where Reported: [2020] NZHC 728
đź“Ť Jurisdiction: New Zealand

In Ruscoe v Cryptopia Ltd, the court grappled with groundbreaking legal issues, primarily classifying cryptocurrencies as "property" under the Companies Act 1993.

This was the main question about the liquidators' ability to manage and distribute Cryptopia's assets legally.

Additionally, the case examined whether Cryptopia's digital assets were held in a fiduciary capacity, implying that trust law principles could be applied.

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