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Wednesday, August 2, 2017

Snubbing Bitcoin Cash Against Common Law May Lead to Legal Troubles for Coinbase

Snubbing Bitcoin Cash Against Common Law May Lead to Legal Troubles for Coinbase

The contentious ‘hard fork’ that will see the creating of Bitcoin Cash has done more than split the digital currency, dividing allegiances between exchanges. Coinbase, one of the most popular exchanges globally, has said it will not support the fork, meaning that its users will not have access to the new version of Bitcoin.


This position is in contradiction to common law property laws which state that the product of an asset will also belong to the owner of the original asset.


Thus, with Bitcoin holders entitled to an equal amount of the breakaway currency, but being denied it as customers of Coinbase, they are being denied what is rightfully theirs.


Full story at http://bit.ly/2tVF3tQ


Source: CoinTelegraph


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