Hong Kong Court Issues Tokenised Injunction Order Using Blockchain

According to PANews, the Hong Kong High Court has approved the use of blockchain technology to deliver a 'Tokenised Injunction Order' to two virtual asset wallet addresses suspected of fraud. This marks the first instance of such an order in Hong Kong. Christopher Hui, Secretary for Financial Services and the Treasury, stated that this move is a significant step towards enhancing the regulation and protection of virtual assets and digital currencies. The use of blockchain for issuing injunctions provides a legal solution for handling matters in the virtual asset sector and sets a crucial precedent for future cases. Previously, the Hong Kong court issued tokenised legal notices to two illegal wallets on the Tron network, requiring them to freeze their assets. While courts in jurisdictions like the United States and the United Kingdom have shown adaptability to new methods, Hong Kong's tokenised notice is particularly notable for not allowing ignorance as a defense.