How should cryptocurrency assets / digital tokens be valued in assessing damages?
When should the digital assets be valued for determining quantum of compensation?
Cryptocurrency and Digital Assets Legal Disputes in Singapore
Overview of Blockchain and Crypto Disputes and Legal Issues and Cases
Our team has subject matter expertise in legal, technical, and economic aspects of blockchain-related matters, including token sales, listings, and issuances, SAFTs, real-world asset tokenisation projects, token exchanges, digital asset and on-chain tracing, crypto-related insolvency, and crypto fraud and scams. As Singapore lawyers, we’ve handled cryptocurrency claims involving persons from different jurisdictions/countries and cross-border elements.
In this article (also accessible at Covenant Chambers’ website), we set out various legal issues, considerations and approaches regarding various types of blockchain and crypto disputes and transactions.
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DAO Legal Structures and Considerations under Singapore Law
DAO web3.0 blockchain-based (Decentralised / Digital Autonomous Organisations) legal structures and considerations under Singapore law
Overview of Crypto, Digital Tokens, Virtual Assets Laws & Regulations in Singapore (June 2022)
Legal and other issues with DAOs (Decentralised Autonomous Organisations)
Legal and other issues with Decentralized Autonomous Organizations or DAOs
In this article, I highlight a few problems with DAOs. The laws make it such that DAOs render members to unlimited liability arising from other members’ actions, DAOs cannot hold property in its own name, DAOs create tax problems for members, DAOs’ voted resolutions may not have legal force, and DAOs may be regulated by investment laws. I consider legal issues with setting up, formation or running of DAOs in Singapore.
I’ve suggested two variations of a CLG model to address some of the legal issues.
Conceptually, DAOs run into the trust problem and the skill problem.
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MAS Consultation on New Omnibus Act for the Financial Sector – Virtual Assets Service Providers & Digital Tokens
Significance: The Monetary Authority of Singapore (MAS) intends to pass a new omnibus statute to regulate all financial institutions (FIs), including (among others) virtual assets service providers (VASPs) or digital tokens (DT) service provider registered in Singapore but which perform services outside of Singapore.