Enforcement of Civil Verdicts from Digital Currencies

The enforcement of verdict is the most important stage of the litigation process in which attempted to execution of the verdict through the introduction and identification of the property of losing party. In this regard, a large part of the Civil Verdicts Enforcement Act and the Execution Method of Financial Convictions Act dedicated to this issue. A look to these laws shows that laws generally recognize customary objective property and stated the manner in which the judgment debt can be executed from there. However, in the last decade, following the development of new technologies, digital currencies have emerged as rivals of real currencies and have gained public acceptance. Although laws on these currencies has not been approved in Iranian legal System so far, but the doctrine and judicial procedure has issued that these currencies is property. In this regard, this question arises if at the time of execution of the verdict, digital currency identified and introduced - as the property of the losing property– does the convict can be executed from these currencies? According to the results of this research, the answer to this question is yes. This study, after mentioning an introduction on the nature of digital currencies, deals with the issue of the ability to identify, seize and sell digital currencies and some of its important sub-categories. Although the relevant laws do not provide for a regulation on these currencies, the implementation of judicial rulings from these currencies will be facilitated by relying on the general principles governing the implementation of rulings and the formulation of transparent rules in the future and training of judges. It will prevent the fragmentation of procedures. This research tries to answer the issues that are raised in the implementation of court rulings from the place of digital currencies in a descriptive-analytical method.