Singapore: Issued ruling in lawsuit on crypto assets being enforceable in court as property (ByBit Ltd v Ho Kai Xin & Ors)
Description
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…
Scope
Policy Area
Other operating conditions
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
judiciary
Government Body
court