Explain what Intellectual Property (IP) rights in a cryptocurrency such as ‘Bitcoin’ may exist

Topic:

This question comprises two parts of equal weighting. Part a: Explain what Intellectual Property (IP) rights in a cryptocurrency such as ‘Bitcoin’ may exist; And Part b: In your opinion, is a Bitcoin ‘property’ for the purposes of the criminal offences of theft, under the Theft Act 1968 and fraud, under the Fraud Act 2006. (N.B. This part will require independent research and reading)

Description

Please suggest appropriate title for above. Marks will be awarded for (a): • Correct identification of the elements of copyright, trademark, design and patent law and issues therein. • Critical commentary about how governments worldwide are approaching this perceived problem; For (b) • Correct identification by independent research of the relevant section(s) of the relevant Act(s) • Expressing a reasoned opinion for or against the argument For both (a) and (b) Explain whether the law is ‘fit for purpose’ in your considered opinion, suggesting any amendment if necessary.