Should A Bitcoin Wallet Have Rights?
This is an opinion editorial by Artem Afian, a lawyer and “legal futurist” at Hiveon, a crypto mining ecosystem that offers services for Bitcoin mining hardware.I want to draw your attention to the fact that Bitcoin tran...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
This is an opinion editorial by Artem Afian, a lawyer and “legal futurist” at Hiveon, a crypto mining ecosystem that offers services for Bitcoin mining hardware.
I want to draw your attention to the fact that Bitcoin transactions ultimately occur between wallets. There are humans behind wallets, but this connection is not really what’s important. The pseudonymity of Bitcoin is thanks to the fact that there is no direct connection between the wallet and the person who owns it. It is what distinguishes a Bitcoin wallet from any other financial instrument. No matter how much regulators try to change this, the core of the technology remains the same.
What does this mean? It means that, soon, wallets will be recognized as entities deserving of legal rights.
First, humanity began to recognize animal rights. Now, there is talk about the legal rights of a robot. Soon, the rights of a Bitcoin wallet will come to the fray.
When one talks about the rights of robots, they usually refer to some imitation of human will that is deserving of legal recognition. We understand that a robot does not have a soul in the same way that a human does, but at the same time, it performs rather complex actions, which gives rise to legal consequences. For many of us, a robot or a Bitcoin wallet is something inanimate and devoid of a soul and, perhaps, therefore undeserving of legal protections. But we recognize the rights of companies and corporations and, of course, it is difficult to imagine more soulless forms than those. It turns out that the subjects of law can be inanimate.
So, what is the difference between a Bitcoin wallet and a legal entity? A legal entity is simply a set of files in a specific registry. Lawyers even have a theory of the “fiction of a legal entity.” We will calmly confirm that the legal entity is an American corporation. We can quickly check this. But how to check that a legal entity was created, say, under the laws of the country of Swaziland? Even if I show you documents that prove it, they are unlikely to tell you anything. So, if I tell you that you are dealing with a foreign company, you most probably just have to believe it.
Nevertheless, this legal entity, displayed as it is only on paper, has some rights. So, the Bitcoin wallet that exists is even more tangible than many legally-protected entities. Therefore, one more conclusion: Since legal entities have rights, then a wallet may have rights. Just like legal entities, wallets perform transactions, and just like legal entities, wallets can change their owners. This fact never changes: if robots or legal entities are deserving of legal rights, so too are Bitcoin wallets.
I think Bitcoin is an exciting new space and that we still have a lot to explore. Now, my idea that Bitcoin wallets will inevitably receive legal rights of their own may seem crazy, but many more discoveries await us.
This is a guest post by Artem Afian. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin MagazineRelated market context
U.S. Government Sends $1 Billion in Seized Bitfinex Bitcoin to Unlabeled Wallets
A wallet holding bitcoin stolen in the 2016 Bitfinex hack sent 12,267 BTC, worth about $1.01 billion, to new addresses on Thursday...
Stealing $1.5B in crypto is easy, cashing out is the trap
North Korean hackers stole around $1.5 billion from Bybit in February 2025. While the hack itself has been widely covered and anal...
What Is Crypto Spot Trading?
For example, a token can be up 70% and still be a terrible trade if you have no idea when to take profits. Likewise, a 30% dip can...
Brazilian police seize $1.7M in crypto from phishing ring’s wallets
The operation highlights growing regulatory scrutiny on self-custody wallets, potentially influencing crypto security practices an...
Vitalik Warns AI Math Could Threaten Crypto Keys Before Quantum Computing Arrives
Key Takeaways: Vitalik Buterin states that the rise of today’s cryptography is outpaced by AI-accelerated mathematics. In addition...
OpenAI, Google and Meta battle for AI internet domains as crypto firms target .bitcoin and .wallet
OpenAI, Google, and Meta are competing for AI-related internet domains as cryptocurrency firms pursue their own digital naming rig...