News Explorer — Singapore High Court Recognizes Crypto Assets As Property in Bybit Case

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Singapore’s High Court has ruled that crypto assets, including USDT, are considered property and can be held on trust. The court’s judgment stated that crypto assets are intangible property, similar to cash balances or money due on a bond. The ruling was made in a case involving crypto exchange Bybit and a contractor who allegedly breached her employment contract by transferring over 4.2 million USDT to her own addresses.

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