Hong Kong: Lawsuit concerning the nature of cryptocurrencies and the possibility of holding them in a trust
Progress
Current status
in force
31 May 2023 in force
Scope
Implementers
Hong Kong
Policy Area
Other operating conditions
Policy Instrument
Other operating condition, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
judiciary
Government Body
court
Implementation Level
national
Timeline of events
Issued ruling in a lawsuit concerning the nature of cryptocurrencies and the possibility of holding them in a trust
On 31 March 2023, the High Court of the Hong Kong Special Administrative Region issued its ruling regarding Gatecoin Limited, addressing the nature of cryptocurrencies and their potential inclusion in a trust. The court concluded that Gatecoin, oper…
Event type
civil lawsuit
Action type
ruling
Government branch
judiciary
Government body
court