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BlockTribune: The Cryptic Case of Cryptocurrency Security Interests — Have You Properly Perfected Your Interest In Cryptocurrency And Blockchain-Based Assets?

October 9, 2019 | Fintech

O’Melveny Partner Jennifer Taylor and counsel Herman Cheung co-authored this article, which discusses how to properly protect digital assets used as collateral to secure investments.

As the authors note, “unlike other assets, the law governing secured transactions is not well-established for digital assets.”

However, Taylor and Cheung observe, lenders can still use best practices to ensure that any blockchain currency used to secure investments are protected. They write, “secured creditors should consult with their advisors to ensure that they have a practical means of enforcing that security interest.”

To read the full article, click here.