This browser is not actively supported anymore. For the best passle experience, we strongly recommend you upgrade your browser.
| less than a minute read

What Does Rapid Normalization of DeFi Mean for Cross-Border Asset Recovery Efforts?

Increasing speculation that Tesla's adoption of Bitcoin is just the tip of the iceberg underscores the rapid pace of change in crypto and other mechanisms to move money across international borders.  Decentralized finance presents unprecedented opportunities for judgment debtors to move assets further from the reach of courts and creditors.  As options for storing value change daily, strategies for recovering assets need to keep pace.  

In high-stakes international disputes, savvy claimants and plaintiffs are increasingly recognizing the value of earlier recovery investigations and developing collection strategies from the start of the dispute.  

If Bitcoin can entice the world’s richest person—Tesla’s maverick chief executive Elon Musk—perhaps it can also attract the world’s most valuable company.

Tags

bitcoin, cryptocurrency, cross-border, cross-border asset recovery, decentralized finance