4 ms·
I am not a lawyer, but I don't think this necessarily confirms that as a legal decision. This is the case for assets that were in a lending program and had a te
by idkyall 4y ago
I am not a lawyer, but I don't think this necessarily confirms that as a legal decision. This is the case for assets that were in a lending program and had a terms and conditions which gave all rights to Celsius.
I think any reasonable interpretation of the law would see that as a different scenario vs a company providing custody services.
Comparing to the Coinbase user agreement[1]: "2.7.1. Ownership. Title to Supported Digital Assets shall at all times remain with you and shall not transfer to Coinbase. All interests in Digital Assets we hold for Digital Asset Wallets are held for customers, are not property of Coinbase, and are not subject to claims of Coinbase’s creditors. "
[1]https://www.coinbase.com/legal/user_agreement/united_states#liabilities-indemnification https://www.coinbase.com/legal/user_agreement/united_states#...