United Kingdom: Lawsuit on Fiduciary Duty of Cryptocurrency Platform Developers (Tulip v Bitcoin Association for BSV)
Progress
Current status
in force
03 Feb 2023 in force
25 Mar 2022 in force
Scope
Implementers
United Kingdom
Policy Area
Consumer protection
Policy Instrument
User/subject right
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
judiciary
Government Body
court
Implementation Level
national
Timeline of events
Issued decision by Court of Appeal concerning fiduciary duties to an owner of cryptocurrency (Tulip v Bitcoin Association for BSV)
On 3 February 2023, the Court of Appeal of England and Wales issued a decision in the case between Tulip Trading Limited (Tulip) and Bitcoin Association for BSV concerning fiduciary duties to an owner of cryptocurrency. In the case, Tulip claimed th…
Event type
civil lawsuit
Action type
ruling
Government branch
judiciary
Government body
court
Issued ruling in lawsuit regarding Fiduciary Duties of Bitcoin Platform Developers (Tulip v Bitcoin Association for BSV)
On 25 March 2022, the High Court of Justice Business and Property Courts of England and Wales issued a ruling concerning case BL-2021-000313 between Tulip Trading Limited (Tulip) and the Bitcoin Association for BSV. Tulip alleged that it is the owne…
Event type
civil lawsuit
Action type
ruling
Government branch
judiciary
Government body
court