The recent decision by Sessions Court judge Sazlina Safie in the case of Yew See Tak v Luno Malaysia Sdn Bhd raises significant legal questions regarding the duty of care owed by cryptocurrency platforms to their users, particularly in the context of unauthorised transactions. This commentary will explore the legal principles underlying the judgment, the implications for financial service providers in the digital asset space, and the potential avenues for appeal.
Written by Richard Wee and Sangitha Gnanaguru In the evolving world of digital currencies, where anonymity and transparency coexist, the United States District Court for the District of Columbia faces an intriguing case. At the…
Written by Richard Wee, Muhammad Anwar, Ng Chin Yang Introduction In the dynamic realm of cryptocurrencies, a legal clash has emerged over the ownership rights to Crypto and Fiat Assets. This case dives into the…
Written by Richard Wee, Muhammad Anwar, Ng Chin Yang, Lim Zhi Ying, Ashleshaa This seven part series will highlight Fintech Regulations in several countries within Asia Pacific, namely: Malaysia; Philippines; Taiwan; Vietnam; Singapore; Thailand; and…
Written by Richard Wee and Sai Ganesh Summary of the case The ongoing SEC v Ripple lawsuit in the US Southern District Court of New York might determine how cryptocurrencies are regulated in the future…
Written by Richard Wee and Sai Ganesh On the 16th of May 2023, the world’s first complete set of laws to govern crypto assets received final approval from European Union states on Tuesday, adding pressure…
Written by Richard Wee and Sai Ganesh What is CBDC? CBDC is short for Central Bank Digital Currency. They are digital currencies issued by central banks. However, the issuance of the nation’s legal tender determines their…
Written by Richard Wee, Darren Lai and Kimberly Chan Non-Fungible Tokens (“NFTs”) have been the talk of the town in recent years. The success stories of individuals becoming millionaires overnight just from the sale of…
Written by Richard Wee and Carmelia Yong In our previous article on cryptocurrency, we touched on a few Malaysian legal issues related to cryptocurrency in general. Cryptocurrencies are digital assets that work on the foundation of stored…
Written by Richard Wee and Carmelia Yong Ever since 2008, when the first cryptocurrency Bitcoin was invented by the enigmatic Satoshi Nakamoto, cryptocurrency has been steadily growing in popularity. Nowadays, most people would have heard of cryptocurrency,…
