The Business Times
business-time-50

Crypto hearings in Singapore throw up quirks, legal novelties

More sticking points around this novel technology are expected to surface

google-preferred-sourceAdd BT as a preferred source
Sharanya Pillai
Claudia Chong

Sharanya Pillai &

Claudia Chong

Published Mon, Apr 10, 2023 · 05:50 AM
    • While the question of recognising crypto as money remains unanswered for now, cases revolving around this issue will be something to watch.
    • While the question of recognising crypto as money remains unanswered for now, cases revolving around this issue will be something to watch. PHOTO: PIXABAY

    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.

    CryptocurrenciesLegal industryThree Arrows CapitalZipmexDecentralised finance (DeFi)Spotlight

    TRENDING NOW

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    In the last round of bidding, the premium for Category B was S$980 more than that for Category A.

    Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down

    Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

    What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

    Those whose employers actively discourage the use of AI at work have the lowest mental health score.

    Singapore workers experiencing rising anxiety; signs of fallout from pressure to use AI

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More