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“Not your key, not your coin”: the private key and ownership
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Ownership, possession and control of an asset have long been intertwined in the public’s consciousness. Albeit implicitly recognising that a possessory title can be displaced by a superior legal title, the old adage “possession is nine-tenths of the law” remains a popular refrain carrying more than a grain of truth. Following a series of high-profile collapses of crypto custodians in “the crypto winter”, a digital equivalent has emerged: “not your key, not your coin”. This article considers the private key and its role in legal analysis of cryptocurrencies.
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