Cryptocurrency Falls Within Section 73 Of The Contracts Act 1950 - Technology
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...
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