English High Court Rules USDT is Property in Cryptocurrency Case

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September 13, 2024
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Mars Finance News: According to Cointelegraph, the UK High Court has ruled that stablecoin USDT is property in a case brought by a fraud victim whose stolen cryptocurrencies included USDT. Deputy High Court Judge Richard Farnhill stated, "USDT is a rather unique form of property, not predicated on any underlying legal rights, that can be traced and can form the subject matter of a trust like other forms of property."

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