Krypto para While uncertainty continues over the legal status of the units, the UK Supreme Court Tether (USDT) made a groundbreaking decision.
This is the first decision following a full trial in English law on the status of cryptocurrencies.
According to Coindesk’s report The UK High Court has ruled that Tether (USDT) is property under UK law.
In his decision, Associate Justice Richard Farnhill of the Supreme Court of Justice said:USDT has property rights under UK law.” The judge also added that USDT is traceable and can constitute trust property like any other property.
The lawsuit in question was filed by Fabrizio D’Aloia, who claims he was the victim of a cryptocurrency scam. In the lawsuit, Fabrizio D’Aloia claims that his 2.5 million pounds ($3.3 million) worth of USDT was stolen, laundered through various exchanges and mixers, and sent to a specific wallet on the Thai exchange BitKub.
Despite acknowledging the fraud, the court stated that there was insufficient evidence to establish that the victim’s USDT was sent to a specific wallet on the Thai exchange BitKub due to the use of mixers.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/ingiltere-mahkemesinden-tether-usdt-hakkinda-onemli-karar/
