Singapore: Lawsuit on crypto assets being enforceable as property (ByBit Ltd v Ho Kai Xin & Ors)
Progress
Current status
in force
25 Jul 2023 in force
Scope
Implementers
Singapore
Policy Area
Other operating conditions
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
judiciary
Government Body
court
Implementation Level
national
Timeline of events
Issued ruling in lawsuit on crypto assets being enforceable in court as property (ByBit Ltd v Ho Kai Xin & Ors)
On 25 July 2023, the High Court of Singapore issued its ruling on the case ByBit Ltd v Ho Kai Xin & Ors [2023] SGHC 199, recognising crypto assets as legally enforceable property rights. The defendant, an employee of ByBit, was accused of secretly t…
SourceEvent type
civil lawsuit
Action type
ruling
Government branch
judiciary
Government body
court