CRYPTOCURRENCY
“ I PREDICT THAT WE ’ LL SEE MAINSTREAM CRYPTO INVESTORS VOTING WITH THEIR WALLETS AND FAVOURING PLATFORMS ( AND JURISDICTIONS ) THAT ARE EMBRACING , RATHER THAN TRYING TO ESCAPE , REGULATION ”
MICHEAL RAMSBACKER CPO , TRULIOO
serve disclosure orders on overseas cryptocurrency exchanges . The High Court ruling means that fraud victims are given greater legal routes to track down their stolen digital assets , at a time where fraudsters can be located anywhere around the world . Faster access to international crypto exchange data will result in more victims being able to track fraudsters before the scent goes cold .
Sam Roberts , a cryptocurrency legal expert and Partner at Cooke , Young , & Keidan , says : " The use of the new CPR gateway to serve disclosure orders on overseas cryptocurrency exchanges is an encouraging step in the fight against crypto fraud . Despite this , the challenges facing claimants in these cases remain considerable and this particular case may not illustrate in full how useful this gateway will prove to be .”
However , it ' s not quite as clear cut as it could be , and more work needs to be done in the identity security space , explains Roberts : “ Although these developments are encouraging , compliance by overseas exchanges with these orders will continue to be patchy , and the information provided by
100 March 2023