The Ninth Arbitration Court of Appeal in bankruptcy has ordered a citizen to examine the contents of his blockchain.info wallet as part of the real estate estimation process in bankruptcy proceedings . The move is at odds with a case in 2007 , when a court ruled out classifying bitcoin holdings as property because of a lack of official regulation . The citizen 's lawyers will challenge the decision . these amendments are due to become law in July , although many amendments have been made .
The Ninth Arbitration Court of Appeal in Moscow has ordered a citizen to disclose the contents of his blockchain.info wallet as part of the real estate estimation process in bankruptcy proceedings. The move is at odds with a case in February, when a court ruled out classifying bitcoin holdings as property because of a lack of official regulation. The citizen's lawyer will challenge the decision. Cryptocurrency regulations are due to become law in July, although many amendments have been made.