In a court held in Hong Kong, cryptocurrencies property that can be held in trustwas stated.
hong KongA court-based crypto exchange, whose operations have been discontinued Gatecoin admitted that cryptocurrencies are a property. in this court Judge Linda chanwas the name behind the decision on crypto ownership.
Cryptocurrency Decision in Court in Hong Kong
A court in Hong Kong has stated that cryptocurrencies are property that can be held securely.
facing the court Judge Linda chan, “As in other common law countries, our definition of ‘property’ is inclusive and has a broad meaning.” said.
The crypto ownership decision made by the court dealing with a crypto exchange called Gatecoin also signaled the next processes in Hong Kong. law firm Hogan lovellsof this decision, hong KongHe stated that it will offer clarity in terms of digital assets to bankruptcy practitioners in .
Moreover, in chinaone court also recognized crypto as property. 2019in the year Hangzhou Internet CourtBitcoin has been defined as a digital property with a legal status.
