ABSTRACT
This article examines the decision of ByBit Fintech Ltd v Ho Kai Xin [2023] SGHC 199 where a summary judgment was obtained against the defendant for a breach of her employment contract and abuse of her position to unjustly enrich herself. This decision is the first time a common law court has declared that cryptocurrency is property capable of being held on trust, and its nature is that of a chose in action. This article also examines potential implications that may arise from this decision.
Cheong, Ben Chester and Lin, Kunhe, Crypto Assets Are Property, Specifically, Choses in Action, That Are Capable Of Being Held On Trust (February 7, 2024), [2024] SAL Practitioner 2, pp 1-18.
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