UK High Court Rules USDT as Property, Shaping the Future of Cryptocurrency
Friday, 13 September 2024, 08:22
The High Court of Justice for England and Wales has ruled that Tether's USDT is considered property under English law, setting a legal precedent for digital assets. This decision has monumental implications for the cryptocurrency landscape, paving the way for more structured regulation and enhanced security for investors.
This landmark ruling highlights the growing recognition of digital currencies in legal contexts and may encourage other jurisdictions to evaluate their stance on cryptocurrencies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.