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A British court is hearing the Bitcoin debt repayment case, and the judge is leaning toward calculating the compensation in pounds sterling.
Svmuu News: On June 18, the Central County Court in London, UK, heard the case of Hussain v. Fix. The plaintiff claimed that the parties had agreed to reimburse business expenses via Bitcoin and demanded that the defendant repay 7.806501396 BTC.As the defendant did not appear in court to contest the claim, the court focused on whether it had the authority to directly order repayment of the debt in the form of Bitcoin. The judge stated that although UK law has recognized Bitcoin as property, it was uncertain whether the court had the authority to directly issue a judgment ordering payment in Bitcoin, and the court leaned toward awarding compensation in British pounds based on the price at the time of the hearing.This case is regarded as the first time a British court has directly addressed the issue of whether debts can be repaid directly in BTC, highlighting that legal gaps still exist regarding how contractual obligations are enforced after digital assets are recognized as property.
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