Cryptocurrency is property able to being held in belief, Decide Philip Jeyaretnam of the Excessive Court docket of Singapore dominated on July 25. The choose stated he didn’t see any distinction between crypto, fiat cash or shells so long as all these objects, bodily or not, share worth created by mutual religion in them.
Jeyaretnam handed down his ruling in a case introduced by Bybit towards its former worker, Ho Kai Xin. Bybit claimed the employees member transferred round 4.2 million of (USDT) from the crypto trade to her personal accounts. The court docket has now ordered Ho, who has accused a non-present cousin of controlling the related accounts, to return the cash to Bybit.
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