Bitcoin exchange tests Chapter 15 for dotcoms

Abstract

The article focuses on a Chapter 15 filing by MtGox, a Japanese Bitcoin exchange, for U.S. recognition of its local restructure in March 2014. Topics discussed include the impact of this filing on how U.S. courts deal with cryptocurrency enterprises, and recent court decisions which have called into question foreign debtors' use of Chapter 15 if they do not have U.S. asset.