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Issue 308 I April 2018UPDATELatest Legal News and Developments from the MENA RegioneCommerce: An Overview Artificial Intelligence and International Arbitration: Going Beyond Email Bitcoin, Cryptocurrencies,
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What is cryptocurrencies and arbitration match?
Cryptocurrencies and arbitration match refer to the process of using digital currencies to settle disputes through arbitration.
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Any party involved in a dispute that chooses to settle it through arbitration using cryptocurrencies is required to file the arbitration match.
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To fill out cryptocurrencies and arbitration match, parties involved in the dispute must agree on the terms of the arbitration, select an arbitrator, and decide on the cryptocurrencies to be used for settlement.
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The purpose of using cryptocurrencies in arbitration match is to provide a decentralized and efficient way to settle disputes that eliminates the need for traditional banking systems.
What information must be reported on cryptocurrencies and arbitration match?
Information such as the amount of cryptocurrencies transferred, the parties involved in the dispute, the arbitration agreement, and the final settlement terms must be reported on cryptocurrencies and arbitration match.
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