UK High Court Confirms Tether’s Status as Property 🥳
A UK High Court ruled that Tether (#USDT ) is recognized as #property under English law in a fraud case involving stolen cryptocurrencies.
The court rejected a claim against Thai exchange #BitKub due to insufficient evidence linking it to the fraud. The decision aligns with prior judgments and UK efforts to classify digital assets, including NFTs and cryptocurrencies, as personal property.
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