UK High Court rules USDT is property in cryptocurrency case

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MarsBit
09-13
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Mars Finance News, according to Cointelegraph, the UK High Court ruled that the stablecoin USDT is property in a case filed by a fraud victim, whose stolen cryptocurrencies include USDT. Richard Farnhill, deputy judge of the High Court, said, "USDT is a rather unique form of property that is not premised on potential legal rights, can be subject to tracking, and can constitute trust property like other property."

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