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[UK High Court Rules That Tether's USDT Stablecoin Is Considered Property] A British Judge Said That USDT Has Property Rights Because It Can Be The Subject Of Tracking And Can Constitute Trust Property Like Other Property.
The Day After The British Government Began Legislating On The Status Of Cryptocurrencies, The High Court Of England And Wales Ruled That Tether's USDT Stablecoin Can Be Considered Property.
Richard Farnhill, Deputy Judge Of The High Court, Said In A Court Document Filed On Thursday: "Under British Law, USDT Has Property Rights. It Can Be The Subject Of Tracking And Can Constitute Trust Property Like Other Property."
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