James Ramsden QC has secured a third freezing and disclosure order in relation to blockchain and cryptocurrency. He obtained the first UK freezing and disclosure order over cryptocurrency in September 2018 and the second in October 2018. This largely unregulated sector is especially prone to fraud and the risk of money laundering. James and his team have forged an unrivalled expertise in identifying and tracing the origins and flows of cryptocurrency and have secured unprecedented cooperation from banks and FX traders on the basis of the orders for disclosure they have obtained.
Commenting after the most recent orders were secured James Ramsden QC said “The Bank of England and Treasury have been asleep at the wheel on the issue of cryptocurrency. The lack of regulation is alarming. Whilst they take time to wake up to the problem it is left to the various powers the court has to make interim freezing, search and disclosure orders to give clients redress.