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Bitcoin pares losses after tumbling on Elon Musk’s price remarks Premium It’s widely believed that volatile weekend swings are driven by individuals trading the cryptocurrency at home. 1 min read . Updated: 22 Feb 2021, 09:49 PM IST Bloomberg The world’s largest cryptocurrency has been on a tear this month, propelled by purchases from Musk’s Tesla Inc. and institutional investors who say Bitcoin is an attractive alternative to gold and the dollar Share Via Read Full Story Elon Musk’s embrace of Bitcoin earlier this month week rocketed the cryptocurrency almost 50% higher to more t...

To print this article, all you need is to be registered or login on Mondaq.com. The Malaysian courts have recognised cryptocurrency as a security and a commodity. In the case of  Luno Pte Ltd & Another v Robert Ong Thien Cheng  (Civil Suit No. BA-B52NCVC-389-12/2017), the Shah Alam Sessions Court held that cryptocurrency falls within the ambit of "anything" under Section 73 of the Contracts Act 1950 ("CA 1950") as cryptocurrency is a form of commodity with an attached value. On appeal, the Shah Alam High Court, in  Robert Ong Thien Cheng v Luno Pte & Another  (Civi...