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BREAKING: UK Judges Declare Numbers on a Computer Are Now Property, Because Why Not?

A judge's gavel rests on a pile of coins with computer screens and circuit boards visible behind, while a chain links two blocks together to represent cryptocurrency.

The UK Court’s latest ruling on USDT has left me scratching my head, wondering what kind of sorcery is at play here. A ‘distinct form of property’ you say? It sounds like something a crypto bro would exclaim after discovering his first Bitcoin. Newsflash: it’s just numbers on a computer! Created from nothing by some dude with a keyboard and an internet connection. I mean, seriously, what inherent value does USDT have that makes it worthy of recognition as property under English law? Is the High Court trying to tell me that my cat is now also a distinct form of property because I can assign him a dollar amount on a spreadsheet?.

Source: bitcoin.com

A High Court of England and Wales has ruled that stablecoin tether (USDT) is recognized as property under English law. The court clarified that cryptocurrencies, despite not being physical assets, can be treated similarly to tangible and intangible property in legal disputes. The High Court of Justice, Business and Property Courts of England and Wales, issued a notable ruling on Sept. 12, addressing whether cryptocurrencies like USDT (tether) can be […]

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