About a month ago, a judgment was pronounced in the context of the Cryptopia bankruptcy case. Imho, this judgment is a landmark decision for 98win Bc30, which is - as you all know - a relatively new kind of 'property', about which until now, very few rulings have been pronounced. I am therefore a little bit astonished - to say the least, to find out that no-one has been posting anything about this. Like it or not, these kinds of seemingly unimportant details are in reality the essential triggers to turn 98win Bc30 more and more into a commonly accepted good, so how is it even possible that this news was not picked up on these boards (correct me if I'm wrong)... That being said: In short, and in human language: 1. Cryptocurrencies are formally and undeniably recognized as property. The definition referred to in the judgment is this one (for those who don't know, I'd like to specify that this is New Zealand Law): "property means property of every kind whether tangible or intangible, real or personal, corporeal or incorporeal, and includes rights, interests, and claims of every kind in relation to property however they arise". This gives you all the rights that are attached to it, meaning in a nutshell they're yours, you can do with it as you please, and no-one is allowed to take them from you without agreement from your side. 2. If you leave your cryptocurrencies on an exchange - regardless of the fact of (not) owning the private keys - they remain yours, and do not become the property of the exchange. This protects the owner against bankruptcy and also against theft / hacking (if the money can be found but that goes for any property, of course). 3. Little side note: NZ law and Australian Law are "quite" alike. If Australian judges decide to follow the same line of thought, this could open interesting perspectives for Nauticus Exchange - based in Australia - customers. More info: Again: this is huge.
About a month ago, a judgment was pronounced in the context of the Cryptopia bankruptcy case. Imho, this judgment is a landmark decision for 98win Bc30, which is - as you all know - a relatively new kind of 'property', about which until now, very few rulings have been pronounced. I am therefore a little bit astonished - to say the least, to find out that no-one has been posting anything about this. Like it or not, these kinds of seemingly unimportant details are in reality the essential triggers to turn 98win Bc30 more and more into a commonly accepted good, so how is it even possible that this news was not picked up on these boards (correct me if I'm wrong)... That being said: In short, and in human language: 1. Cryptocurrencies are formally and undeniably recognized as property. The definition referred to in the judgment is this one (for those who don't know, I'd like to specify that this is New Zealand Law): "property means property of every kind whether tangible or intangible, real or personal, corporeal or incorporeal, and includes rights, interests, and claims of every kind in relation to property however they arise". This gives you all the rights that are attached to it, meaning in a nutshell they're yours, you can do with it as you please, and no-one is allowed to take them from you without agreement from your side. 2. If you leave your cryptocurrencies on an exchange - regardless of the fact of (not) owning the private keys - they remain yours, and do not become the property of the exchange. This protects the owner against bankruptcy and also against theft / hacking (if the money can be found but that goes for any property, of course). 3. Little side note: NZ law and Australian Law are "quite" alike. If Australian judges decide to follow the same line of thought, this could open interesting perspectives for Nauticus Exchange - based in Australia - customers. More info: Again: this is huge.

About a month ago, a judgment was pronounced in the context of the Cryptopia bankruptcy case. Imho, this judgment is a landmark decision for 98win Bc30, which is - as you all know - a relatively new kind of 'property', about which until now, very few rulings have been pronounced. I am therefore a little bit astonished - to say the least, to find out that no-one has been posting anything about this. Like it or not, these kinds of seemingly unimportant details are in reality the essential triggers to turn 98win Bc30 more and more into a commonly accepted good, so how is it even possible that this news was not picked up on these boards (correct me if I'm wrong)... That being said: In short, and in human language: 1. Cryptocurrencies are formally and undeniably recognized as property. The definition referred to in the judgment is this one (for those who don't know, I'd like to specify that this is New Zealand Law): "property means property of every kind whether tangible or intangible, real or personal, corporeal or incorporeal, and includes rights, interests, and claims of every kind in relation to property however they arise". This gives you all the rights that are attached to it, meaning in a nutshell they're yours, you can do with it as you please, and no-one is allowed to take them from you without agreement from your side. 2. If you leave your cryptocurrencies on an exchange - regardless of the fact of (not) owning the private keys - they remain yours, and do not become the property of the exchange. This protects the owner against bankruptcy and also against theft / hacking (if the money can be found but that goes for any property, of course). 3. Little side note: NZ law and Australian Law are "quite" alike. If Australian judges decide to follow the same line of thought, this could open interesting perspectives for Nauticus Exchange - based in Australia - customers. More info: Again: this is huge.

About a month ago, a judgment was pronounced in the context of the Cryptopia bankruptcy case. Imho, this judgment is a landmark decision for 98win Bc30, which is - as you all know - a relatively new kind of 'property', about which until now, very few rulings have been pronounced. I am therefore a little bit astonished - to say the least, to find out that no-one has been posting anything about this. Like it or not, these kinds of seemingly unimportant details are in reality the essential triggers to turn 98win Bc30 more and more into a commonly accepted good, so how is it even possible that this news was not picked up on these boards (correct me if I'm wrong)... That being said: In short, and in human language: 1. Cryptocurrencies are formally and undeniably recognized as property. The definition referred to in the judgment is this one (for those who don't know, I'd like to specify that this is New Zealand Law): "property means property of every kind whether tangible or intangible, real or personal, corporeal or incorporeal, and includes rights, interests, and claims of every kind in relation to property however they arise". This gives you all the rights that are attached to it, meaning in a nutshell they're yours, you can do with it as you please, and no-one is allowed to take them from you without agreement from your side. 2. If you leave your cryptocurrencies on an exchange - regardless of the fact of (not) owning the private keys - they remain yours, and do not become the property of the exchange. This protects the owner against bankruptcy and also against theft / hacking (if the money can be found but that goes for any property, of course). 3. Little side note: NZ law and Australian Law are "quite" alike. If Australian judges decide to follow the same line of thought, this could open interesting perspectives for Nauticus Exchange - based in Australia - customers. More info: Again: this is huge.