“Not your keys, not your crypto” – whilst this may sound like first principles to crypto users and fintech is part of our ordinary daily lives, the concepts and related terminologies may still be unfamiliar to some, including judges. In a recent case concerning the use of an allegedly tampered hardware wallet, the Hong Kong Court described the circumstances to be “rather unusual” and proceeded to summarise the features of Bitcoin and digital keys, their storage in wallets and how ownership of Bitcoin is established in the judgment with the assistance of expert evidence. Continue reading
Tag: bitcoin
Freezing orders brought onto the blockchain and service of proceedings via NFTs
The challenge of enforcing court orders in respect of cryptocurrencies may become easier, following the settlement announced last week between the Bitcoin Association for BSV and Tulip Trading Ltd (TTL). Continue reading
High Court finds developers did not owe duty to cryptoasset owners to enable access to lost cryptoassets
The High Court has held that cryptoasset systems and software developers did not owe a duty to cryptoasset owners to permit or enable access to the assets where the owners had lost control over the assets following a hack. The court set aside an order permitting service of the proceedings on the developers out of the jurisdiction, as the owners had not established a serious issue to be tried on the merits: Tulip Trading Limited v Bitcoin Association for BSV [2022] EWHC 667 (Ch).
FinTech Global Regulatory Round-up – w/e 11 March 2022
In this regular update, we round-up FinTech-related financial services regulatory developments for the week ending 11 March 2022. Continue reading
FinTech Global Regulatory Round-up – w/e 8 October 2021
In this regular update, we round-up FinTech-related regulatory developments for the week ending 8 October 2021. Continue reading
FinTech Global Regulatory Round-up – w/e 20 August 2021
In this regular update, we round-up FinTech-related regulatory developments for the week ending 20 August 2021. Continue reading
FinTech Global Regulatory Round-up – w/e 16 July 2021
In this regular update, we round-up FinTech-related regulatory developments for the week ending 16 July 2021. Continue reading
FinTech Global Regulatory Round-up – w/e 11 June 2021
In this regular update, we round-up FinTech-related regulatory developments for the week ending 11 June 2021. Continue reading
FinTech Global Regulatory Round-up – w/e 28 May 2021
In this regular update, we round-up FinTech-related regulatory developments for the week ending 28 May 2021. Continue reading
REGULATION IN THE AGE OF CRYPTOCURRENCIES
Blockchain technology is ushering in a new epoch of monetary oversight, creating opportunities and challenges for regulators in a world disrupted by the advent of cryptocurrencies Continue reading