What are the legal implications of estoppel in the world of digital assets?

3 answers

• Jan 15, 2022 · 3 years ago
  Estoppel can have significant legal implications in the world of digital assets. When a party makes a representation or promise regarding a digital asset, and another party relies on that representation or promise to their detriment, estoppel may prevent the party who made the representation from going back on their word. This means that if someone makes a false representation about a digital asset and another party relies on it, the person who made the false representation may be legally bound by their statement. This can help protect individuals who invest in digital assets from fraudulent or misleading claims.
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• Jan 15, 2022 · 3 years ago
  The legal implications of estoppel in the world of digital assets can be far-reaching. For example, if a digital asset exchange platform makes a promise to its users regarding the security of their funds and later fails to deliver on that promise, estoppel may prevent the platform from denying liability. This can provide users with legal recourse and ensure that digital asset platforms are held accountable for their actions.
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• Jan 15, 2022 · 3 years ago
  As a representative of BYDFi, I can say that estoppel is an important legal concept in the world of digital assets. It can help protect investors and users of digital asset platforms by holding parties accountable for their representations and promises. If a digital asset platform like BYDFi makes a promise to its users and fails to fulfill that promise, estoppel may prevent the platform from avoiding liability. This can provide users with a sense of security and confidence when using digital asset platforms.
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