The recent ruling by the Singapore court, which categorizes crypto assets as properties rather than securities, is poised to bring about significant implications for the classification of cryptocurrencies.
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The recent ruling by the Singapore court, which categorizes crypto assets as properties rather than securities, is poised to bring about significant implications for the classification of cryptocurrencies.
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The Singapore High Court, on July 27, 2023, issued a ruling declaring cryptocurrencies as legally classified property within the country's laws. This is clearly in contrast to what the US SEC has classified crypto to be.
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In this post, we delved into the potential impact of this crypto classification on the future trajectory of the industry
https://leofinance.io/@fexonice/from-securities-to-properties-a-shift-in-crypto-classification
#gosh #outreach
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