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🇩🇪 A loophole in German law allowed a man to escape criminal prosecution for the alleged theft of $2.9 million in crypto.
Indeed, according to the German Penal Code, theft is defined as the “taking of movable property of another,” and since cryptocurrencies have no physical form, they do not recognize them as “things.”
The accused could still be subject to a civil action, and experts have predicted that this will “force urgent reforms” to extend laws on the theft of digital assets and create “specific criminal provisions related to cryptocurrency.”
Indeed, according to the German Penal Code, theft is defined as the “taking of movable property of another,” and since cryptocurrencies have no physical form, they do not recognize them as “things.”
The accused could still be subject to a civil action, and experts have predicted that this will “force urgent reforms” to extend laws on the theft of digital assets and create “specific criminal provisions related to cryptocurrency.”
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