In the country’s first legal dispute involving cryptocurrency, the Singapore Court of Appeals has ruled that virtual currency exchange Quoine must pay damages to electronic market maker B2C2. The damages are for seven transactions that were wrongfully reversed on the platform during April 2017.
According to The Straits Times on Feb. 24, the court dismissed Quoine’s appeal, in which the exchange argued that it was entitled to unilaterally cancel the orders due to such comprising a mistake.
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