Cryptocurrency is deemed property capable of being held on trust by the High Court of Singapore.
Cryptocurrency is deemed property capable of being held on trust, Judge Philip Jeyaretnam of the High Court of Singapore decided in a ruling on July 25. The Judge said he didn’t see any difference between crypto, fiat money or shells, as long as all those objects, physical or not, share value, created by mutual faith in it.in a case brought by ByBit against its former employee, Ho Kai Xin. ByBit claimed the staff-member transferred around 4.
“We identify what is going on as a particular digital token, somewhat like how we give a name to a river even though the water contained within its banks is constantly changing.”
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