regulation / 21 posts found
U.K. Court Says Lawsuits Can Now Be Airdropped
In the U.K., it’s okay to sue other people by airdropping their digital wallets with NFTs. Yes, you read that right. A judge in the U.K. granted permission to serve a person a lawsuit using a blockchain ledger via a nonfungible token — marking the first time an NFT gained the status of legal documentation in court proceedings this week in the country, according to court documents initially reported by Bloomberg. While a U.S. court made a similar decision to authorize lawsuit filings via NFTs in June, this means prized NFTs are becoming more normalized in court proceedings on an […]