This article reveals challenges in classifying digital assets in debt recovery, highlighting the need for specific legislation.
This article examines the problems of challenging the actions of bailiffs in the sale of debtors' digital assets. Conclusions. The specificity of digital assets is that they do not exist in reality, and therefore there is doubt about recognizing them as money or other means of payment. Nevertheless, the issue of classifying financial assets as objects of civil rights plays an important role in the sale of the debtor's property and the satisfaction of creditors' claims. The removal of digital assets from circulation and their protection should be developed, as well as an appropriate procedure for obtaining access by bailiffs to the digital assets of debtors and the sale of digital assets at auction in order to safeguard the interests of creditors. As a result, in is proposed to adopt a separate legislative act regulating digital assets or to make additions to the legislation on enforcement proceedings.
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Nikita S. Svidskii (2025) studied this question.
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