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Singapore's first bitcoin trial: Quoine exchange found liable for reversing B2C2's trades

From businesstimes.com.sg

IN the first legal dispute in Singapore involving the bitcoin cryptocurrency, the Singapore International Commercial Court (SICC) found that operator ofvirtual currency exchange platformQuoine had wrongfully reversed seven trades from electronic market makerB2C2 in April 2017. The SICC in a judgement issued on Thursday found Singapore-registered company Quoineliable for breach of contract and breach of trust for unilaterally reversing B2C2's orders made at an abnormal exchange rate on its platform. B2C2 had on April 19, 2017, placed seven orders to sell ethereum forbitcoin at a rate of 10 bitcoins for one ethereum. ... (full story)

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