Cryptocurrencies Poised to Revolutionize Property Rights, Upending Traditional Finance
Property rights in money and cryptocurrencies are governed by classical principles of property law, which also apply to intangible goods. The challenge lies in adapting property law designed for physical objects to deal with incorporeal goods like data and money. The legal tension between physical storage mediums and the intangible goods they contain has long been a topic of discussion. The evaluation of newer legislation on property rights in cryptocurrencies can benefit from examining the classical problem of property rights in money. The assignment of absolute rights to cryptocurrencies shares similarities with assigning rights to data, highlighting the need for a comprehensive understanding of property rights in both realms.