Singapursko višje sodišče zavrača kriptovaluto kot denar v pravnem sporu

Singapursko višje sodišče zavrača kriptovaluto kot denar v pravnem sporu

Časovni žig: 16. april 2023 4
  1. Singapore High Court denies crypto as money in Algorand Foundation case.
  2. Algorand Foundation’s $53.5m USDC claim rejected, impacting crypto market.
  3. Ruling highlights regulatory challenges in classifying and regulating digital assets.

The Singapore High Court has ruled against recognizing cryptocurrency as money in a legal case involving the Algorand Foundation and Three Arrows Capital. The case centered on the Algorand Foundation’s application to wind up Three Arrows Capital, which was disputed by the latter on the grounds that the claim of $53.5 million USDC, a stablecoin pegged to the U.S. dollar, was not payable in Singapore dollars.

The court’s decision has significant implications for the broader cryptocurrency industry, which has been grappling with regulatory and legal uncertainties as it seeks to gain mainstream acceptance and adoption. The ruling highlights the challenges of classifying and regulating digital assets, particularly in the context of financial regulations and commercial law.

The decision by the Singapore High Court to deny the recognition of cryptocurrency as money is not unique. Other jurisdictions, including the United States and the European Union, have also struggled with the classification of digital assets and their legal status.

Despite the ongoing regulatory and legal challenges, the cryptocurrency market continues to grow and evolve, with many investors and companies seeing it as a potential asset class with significant upside potential. However, as the market matures, it remains to be seen how regulatory and legal issues will be addressed, and whether greater clarity will emerge.

Tags: cryptocurrencySingapur

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Dežela kripto novic (cryptonewsland.com) , skrajšano tudi »CNL«, je neodvisen medijski subjekt – nismo povezani z nobenim podjetjem v industriji blokovnih verig in kriptovalut. Naš cilj je zagotoviti svežo in ustrezno vsebino, ki bo pomagala zgraditi kriptoprostor, saj verjamemo v njen potencial, da vpliva na svet na bolje. Vsi naši viri novic so verodostojni in točni, kot vemo, čeprav ne jamčimo glede veljavnosti njihovih izjav in njihovih motivov za njimi. Čeprav skrbimo za dvojno preverjanje verodostojnosti informacij iz naših virov, ne dajemo nobenih zagotovil glede pravočasnosti in popolnosti kakršnih koli informacij na našem spletnem mestu, kot jih zagotavljajo naši viri. Poleg tega zavračamo vse informacije na naši spletni strani kot naložbene ali finančne nasvete. Vse obiskovalce spodbujamo, da opravijo lastno raziskavo in se posvetujejo s strokovnjakom za ustrezno temo, preden sprejmejo kakršno koli naložbeno ali trgovalno odločitev.

Singapore High Court Rejects Cryptocurrency as Money in Legal Dispute PlatoBlockchain Data Intelligence. Vertical Search. Ai.

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