Singapore Appeals Court Rejects Quoine Appeal in Landmark Crypto Ruling
Cointelegraph
Published Feb 25, 2020 06:10AM ET
Updated Feb 25, 2020 07:42AM ET
Singapore Appeals Court Rejects Quoine Appeal in Landmark Crypto Ruling
In the country’s first legal dispute involving cryptocurrency, the Singapore Court of Appeals has ruled that virtual currency exchange Quoine must pay damages to electronic market maker B2C2. The damages are for seven transactions that were wrongfully reversed on the platform during April 2017.
According to The Straits Times on Feb. 24, the court dismissed Quoine’s appeal, in which the exchange argued that it was entitled to unilaterally cancel the orders due to such comprising a mistake.
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Written By: Cointelegraph
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