SECURITY FOR COSTS CANNOT BE GIVEN BY BITCOIN: HARD CASH RULES THE DAY

In  Tulip Trading Ltd v Bitcoin Association for BSV & Ors (Rev 1) [2022] EWHC 141 (Ch) Master Clark rejected an application that security for costs be given by Bitcoin.  The fluctuating values of Bitcoin would not provide the defendants with adequate security.

"The security offered by the claim...