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Hong Kong Court Deems Crypto as Property, in Ruling on Defunct Exchange Gatecoin

Hong Kong’s High Court has recognized cryptocurrency as property in a March 31 landmark ruling in a legal tussle involving defunct crypto exchange Gatecoin.

Justice Linda Chan’s ruling concluded that crypto should be treated as property because it has value, be owned and can be transferred from one owner to another.

The ruling could result in stronger regulation of digital assets in Hong Kong and determine how crypto is taxed.

Hong Kong
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