Singapore Court of Appeal dismisses Quoine Exchange appeal for illegal reversal of transaction

The Court of Appeals rejected the Quoine's appeal. Quoine is the parent company of Liquid, a well-known Japanese trading platform. The platform illegally reversed 7 transactions. The court stated that Quoine has the right to cancel orders made by market maker B2C2 on its platform, provided that these transactions were "wrong." It is reported that this case is the first case involving cryptocurrency disputes in Singapore's history.