A ruling in the bankruptcy case of Hong Kong-based crypto exchange Gatecoin has led to the crypto being recognized as property in the island city. The ruling will help guide liquidators as they manage the crypto assets of defunct businesses.
Defunct crypto exchange Gatecoin looked towards the Hong Kong High Court to seek guidance on how to manage its crypto.
’s crypto industry. The latest development came as a result of a case involving the defunct crypto exchange Gatecoin.from law firm Hogan and Lovell, the presiding judge found that crypto assets inherently have the potential defining characteristics of a property. And thus, must be treated as such.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
HSBC investor Ping An says bank’s management has failed to address ‘key business model challenges’HSBC should separate its Asia business into a Hong Kong-listed entity, Ping An said, in an update to proposals it began urging last November
Read more »
Career-focused programming for middle, high school students getting boost from provinceThe moves are important to mitigate an anticipated shortage of skilled labourers in Alberta in upcoming years, LaGrange said.
Read more »
Alberta boosting career-focused programming for middle, high school studentsThe moves are important to mitigate an anticipated shortage of skilled labourers in Alberta in upcoming years, LaGrange said.
Read more »
Gold: the next all-time high is nighKitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Read more »
Knife brandished in altercation at Nanaimo high schoolIn a video of the incident, the youth waves a large knife before putting it back in its sheath. He is then attacked by another youth who knocks him to the ground, and he pulls the knife out again before fleeing
Read more »