Hong Kong High Court’s latest ruling could change the way we look at crypto…

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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.

 

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