Singapore’s First Crypto-Related Legal Battle Heads to Trial

[kreslik.news]

In what very well may later be viewed as a historic moment in Singapore’s relationship with cryptocurrency, the country’s first Bitcoin-related legal dispute will soon begin trial in the Singapore International Commercial Court (SICC) after the Judge Simon Thorley refused to issue a summary judgment.

At the heart of the legal battle are trade proceeds originally paid in the amount of $3.78 million worth of BTC. Since the payment, however, the price of BTC has swollen past $13,000 (at the time of press), bringing the value of the proceeds to over $36 million.

Wrongful Reversals

The plaintiff in this case is ... (read more)