CryptoMediaClub
Friday, August 1, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Bitcoin

Hong Kong Court Terms Cryptocurrencies as Property in Recent Ruling

19.04.2023
A A
0
131
VIEWS
ShareShare

Hong Kong Court Terms Cryptocurrencies as Property in Recent Ruling

  • The U.S SEC has been advocating for cryptocurrencies to be treated as a security.
  • Honorable Madam Justice Linda Chan gave out the ruling.

Governments all across the globe have struggled to grasp the actual nature of cryptocurrencies. Despite its label as a commodity by some. The U.S SEC has been advocating for it to be treated as a security.

A Hong Kong court has ruled that cryptocurrencies are property in a case involving the defunct cryptocurrency exchange Gatecoin. Hogan Lovells, a legal firm, revealed the specifics in a recent blog post.

The judge ruled that Bitcoin and other cryptocurrencies may be kept in trust like other assets. Honorable Madam Justice Linda Chan gave out the ruling, mentioning crypto has all the attributes of a property.

Hong Kong Striving Hard

Cryptocurrencies are treated as property under similar regulations in Mainland China. To be consistent with the position adopted by other common law countries, whose courts have previously decided on this topic. Hong Kong has recently recognized cryptocurrencies as a kind of “property” that is equal to other intangible assets, such as stocks and shares.

With the goal of becoming a cryptocurrency center, Hong Kong has been taking steps in the right direction with regard to the acceptance of cryptocurrencies. The differences from the United States were striking.

At the same time that Gary Gensler is clamping down on the sector, Hong Kong authorities dressed up and hit the stage at the Web3 Festival to express their support for cryptocurrencies and the digital asset industry as a whole.

Following Singapore’s lead, Hong Kong is betting on the nascent cryptocurrency industry to help revitalize its sagging economy as western countries grow more hostile against crypto.

Share10Tweet6ShareSharePin2

Related Posts

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge
Bitcoin

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge

15.07.2025
0

BitcoinWorldCoinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge The cryptocurrency world is buzzing with excitement, and for good reason!...

Read moreDetails
Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

14.07.2025
Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

14.07.2025
Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

14.07.2025
Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

08.07.2025
Load More
Next Post
Maple Finance launches pool for US Treasury yields

Maple Finance launches pool for US Treasury yields

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

National Assembly of Namibia Passes Crypto Regulation Bill

National Assembly of Namibia Passes Crypto Regulation Bill

2 years ago
Vietnam Launches National Blockchain for Data Infrastructure

Vietnam Launches National Blockchain for Data Infrastructure

7 days ago
$26M ETH bridged: ConsenSys completes public launch of zkEVM Linea

$26M ETH bridged: ConsenSys completes public launch of zkEVM Linea

2 years ago

“Citizens Have Every Right To Do Bitcoin”: Ron De Santis Announces Presidential Bid

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Tourists in South Korea to Exchange USDT via Crypto ATMs

BNB Holders Can Now Earn Daily Passive Income Through the Officially Launched BNB Payment Integration by Find Mining

BlackRock’s BUIDL fund hit by $447M outflow after 18-month record breaking $2.8B inflow

23% of CFOs in North America Ready to Implement Crypto

Coinbase Accuses FDIC of Hiding Operation Chokepoint 2.0 Files 

Altcoins lead crash as $751M liquidated in last 24 hours and Bitcoin falls to July low

Trending

ChatGPT’s 26-Indicator ETH Analysis Shows EMA Support Above $3,540 as BlackRock ETF Inflows Hit $29.83M
All news

ChatGPT’s 26-Indicator ETH Analysis Shows EMA Support Above $3,540 as BlackRock ETF Inflows Hit $29.83M

01.08.2025
0

Ethereum is trading at $3,616 after a -2.24% pullback with BlackRock’s iShares ETH ETF recording $17.65 million...

Visa Expands Crypto Capabilities of Its DLT Platform

Visa Expands Crypto Capabilities of Its DLT Platform

01.08.2025
WEPE Pullback Finds Strong Support Before New Test of Resistance at $0.0001249

WEPE Pullback Finds Strong Support Before New Test of Resistance at $0.0001249

01.08.2025
Tourists in South Korea to Exchange USDT via Crypto ATMs

Tourists in South Korea to Exchange USDT via Crypto ATMs

01.08.2025
BNB Holders Can Now Earn Daily Passive Income Through the Officially Launched BNB Payment Integration by Find Mining

BNB Holders Can Now Earn Daily Passive Income Through the Officially Launched BNB Payment Integration by Find Mining

01.08.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz