Crypto hearings in Singapore throw up quirks, legal novelties
More sticking points around this novel technology are expected to surface
Add BT as a preferred source
Sharanya Pillai &
Claudia Chong
SHOULD crypto be recognised as money under Singapore law? If it is, does it mean that any obscure form of currency – even seashells – would have to be recognised?
These are some of the tricky and unorthodox questions that have surfaced in Singapore courts in recent months. As court proceedings involving troubled crypto companies intensify, legal experts have had to navigate unchartered territory.
In a High Court hearing on Mar 30, the question of whether crypto is money sparked a colourful exchange between the judge and the lawyer representing a blockchain company called the Algorand Foundation.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential legal liabilities
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre
