CBFL Seminar: Property and Contractual Issues Concerning Cryptoasset Exchanges

Clockwise from top left: Assoc Prof Sandra Booysen (Deputy Director, CBFL), Mr Filbert Lam (Researcher, CBFL), Mr Allen Sng (Sheridan Fellow, NUS Law) & Assoc Prof Dora Neo (Director, CBFL)

CBFL hosted its first webinar on 26 June 2020 with presentations by Mr Allen Sng, Sheridan Fellow, NUS Law and Mr Filbert Lam, Researcher, CBFL. Over 80 attendees from Singapore and overseas logged on to join this insightful session which discussed two recent judgments, Quoine Pte Ltd v B2C2 Ltd [2020] SGCA(I) 2 (a decision of the Singapore Court of Appeal) and Ruscoe v Cryptopia LTD (In Liquidation) [2020] NZHC 728 (a decision of the New Zealand High Court). These cases demonstrated the difficulties in understanding how cryptoassets, and the exchanges they are traded on, operate.

The session provided an outline of the workings of the crypto world, and an analysis of the legal principles applicable to the unique features of cryptoassets. The event concluded with a short but interesting Q&A session where the speakers and participants discussed how transactions are executed and shared their thoughts on the hype of decentralisation and bitcoin.

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