How Do You Perfect And Enforce A Lien On Virtual Currencies Such As Bitcoin?

LexisNexis (February 15, 2019, 10:19 AM EST) -- With legitimate use of virtual currencies increasing rapidly, creditors may find themselves taking and seeking to perfect security interest in assets that include virtual currencies. There are hundreds of virtual currencies and cryptocurrencies in existence at the present time, with Bitcoin as the largest and most frequently mentioned. Article 9 of the UCC governs security interests in personal property, tangible and intangible. The application of Article 9 to virtual currencies, and issues related to the perfection and control of these animals, are discussed below....