UK court allows lawsuit to be delivered via NFT
After allowing for Facebook messages and Instagram direct messages for serving lawsuits, the UK court authorised the same via NFTs
By Shashank Bhardwaj
On Tuesday, UK law firm Giambrone & Partners issued a notice stating that the case brought by Fabrizio D'Aloia against Poloniex, Binance Holdings, OKC, Bitkub and gate.io for allegedly operating a fraudulent clone online brokerage. On June 24, the judge allowed the parties to airdrop the lawsuit NFTs into the wallets of D'Aloia, which originally belonged to him but were exploited by anonymous persons. The move can be called a legal precedent for offering digital solutions to serving someone a lawsuit via an NFT.
So far, Civil Procedure Rules in the UK authorised lawsuits to be served only by mail, personal services, dropped off at an address, or by fax or any type of ‘electronic communication’. The electronic approach to serving someone was liable when both the parties involved consented in advance for this type of delivery or the courts approved it for ‘good reasons’. Giambrone & Partners outlined these methods to include Facebook messages, Instagram direct messages, or through a website contact form.
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Meta tests sale of virtual goods in metaverseRead More..
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EU limits Russians' crypto investments to 10k EurosRead More..
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South Africa concludes technical Proof-of-Concept for its CBDC settlement systemRead More..
Terra buys $200 million in AVAX for reservesRead More..
Bitcoin will remain as a standard: Chess world champion Garry KasparovRead More..
Coinbase launches in IndiaRead More..
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Germany closes Russian darknet marketplace HydraRead More..
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Crypto industry reels from $600 million hackRead More..
NFT of Nelson Mandela's arrest warrant auctioned for $130,000Read More..
Bank of England calls for tighter regulation of cryptocurrenciesRead More..
ECB's Lagarde 'concerned' about crypto use to dodge Russia sanctionsRead More..
Crypto provides fix for some in crisis-hit AfghanistanRead More..
Bitcoin to the rescue: Cryptocurrencies' role in UkraineRead More..
Digital art in spotlight as Dubai makes crypto hub bidRead More..
G7 looks to thwart cryptoassets use as Russian sanctions dodgeRead More..
Can cryptocurrencies give Russia, others breather from economic sanctions?Read More..
Cryptocurrencies enter Russia-Ukraine conflictRead More..
Russia seeks to regulate cryptocurrenciesRead More..
Donald Trump's NFT collection to laud his own presidencyRead More..