IBC Claims for Digital Assets and Token-Based Obligations

Introduction : Increasing use of cryptocurrency and tokens with digital wallets has brought different kinds of assets in business dealings. Companies now deal in these blockchain based transactions more often. Insolvency and Bankruptcy Code from 2016 does not cover them explicitly. These assets can be pseudonymous and change value fast. They move across borders depending on private keys or custodians for access. Token holders might not qualify as creditors and the way claims are to be valued...