English Translation:

ChainCatcher reports that on September 12th, the UK High Court ruled that the stablecoin USDT is considered property. This is the first comprehensive ruling on cryptocurrency under English law. The victims in this case had their stolen cryptocurrency, including USDT, transferred through various cryptocurrency exchanges after being processed through a cryptocurrency mixer.

Deputy Judge Richard Farnhill stated that USDT has property rights under English law and can be tracked and held as trust property. This ruling comes after a bill proposed by the UK government that explicitly includes NFTs, cryptocurrencies, and carbon credits within the scope of property law.

The judge noted that a 2019 ruling by the same court (not made in trial) indicating cryptocurrency as property served as "strong evidence." This is also consistent with the position taken in the 2023 Digital Assets Report by the Law Commission for England and Wales, which identifies cryptocurrency tokens as property.