{"id":124741,"date":"2025-05-23T08:10:13","date_gmt":"2025-05-23T08:10:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/124741\/"},"modified":"2025-05-23T08:10:13","modified_gmt":"2025-05-23T08:10:13","slug":"the-judges-of-the-united-kingdom-dismiss-the-case-for-request-of-evidence","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/124741\/","title":{"rendered":"the judges of the United Kingdom dismiss the case for request of evidence"},"content":{"rendered":"

In the United Kingdom, the judges have ruled on the case concerning Bitcoin SV and its delisting in 2019 on major crypto-exchanges like Binance. In particular, investors classified as \u201csubclass B\u201d will not be entitled to the compensation of 11.9 billion dollars in speculative damages, based on the hypothetical growth of BDV.\u00a0<\/p>\n

Bitcoin SV and the ruling in the United Kingdom: the 11.9 billion dollar damages claim rejected<\/p>\n

The United Kingdom court<\/strong> has issued its ruling on the case concerning Bitcoin SV (BSV).\u00a0<\/strong><\/p>\n

In practice, investors have filed a claim for damages against the main crypto-exchanges<\/strong>, such as Binance<\/a>, for allegedly conspiring to delist the token in 2019.<\/strong><\/p>\n

\"\"\/Source: X<\/a><\/p>\n

\u201cTHE BRITISH COURT DISMISSES THE $11.9 BILLION LAWSUIT AGAINST BINANCE. INVESTORS COULD HAVE LIMITED LOSSES AFTER THE 2019 DELISTING\u201d<\/p>\n

The judgment<\/a> classified the investors<\/strong> into subclasses, stating that for those belonging to \u201csubclass B\u201d, the claim for damages was dismissed<\/strong>. <\/p>\n

Specifically, these investors continued to hold BSV even after the delisting, claiming today 11.9 billion dollars in damages<\/strong> as the delisting had deprived them of profiting from the \u201cpotential rise of BSV to a first-tier cryptocurrency,\u201d like Bitcoin and Bitcoin Cash.\u00a0<\/p>\n

The jury, led by the Master of the Rolls Sir Geoffrey Vos, rejected the theory of growth as \u201cspeculative.\u201d<\/strong> In fact, in the ruling, the court determined that losses could be mitigated by selling BSV or exchanging it with other crypto.<\/strong><\/p>\n

\u00a0Here is what the document says:\u00a0<\/p>\n

\n

\u201cThey had the duty to mitigate the losses. They cannot recover the losses that they could have reasonably mitigated. [..] Any damages must reflect the market value immediately after the delisting, not hypothetical future highs.\u201d<\/p>\n<\/blockquote>\n

Bitcoin SV and subclass A and C investors: possible damage compensation claim\u00a0<\/p>\n

Unlike BSV investors of subclass B, those of \u201csottoclasse A\u201d and \u201csottoclasse C\u201d can still claim damages from crypto-exchanges.\u00a0<\/strong><\/p>\n

In fact, the investors of the \u201csubclass A\u201d who sold Bitcoin SV immediately after the delisting can still claim compensation for the immediate drop of 16 pounds per coin, identified by the Competition Appeal Tribunal.<\/p>\n

Even users of the \u201csubclass C\u201d who have lost access to their Bitcoin SV coins on exchanges like Kraken or Binance can proceed, but any compensation will be limited to the value of their holdings plus demonstrable consequential losses.<\/p>\n

In practice, the Court has rejected, in any form, the argument regarding the \u201closs of benefits from future price increases\u201d. All investors are called to prove, in a concrete and non-hypothetical way, their losses.\u00a0<\/strong><\/p>\n

At the same time, with this verdict, Binance achieved a partial victory, which eliminates the 11.9 billion dollars in compensation requested.\u00a0<\/p>\n

Now, however, both Binance and other crypto-exchanges like Kraken and ShapeShift still have to deal with the remaining compensation claims.<\/p>\n

United Kingdom and the crypto news 2025<\/p>\n

In this 2025, it seems that crypto regulation is becoming more favorable for the development of the sector globally, also involving the major market players.\u00a0<\/p>\n

In fact, last February, Coinbase<\/strong> managed to obtain<\/a> registration as a Virtual Asset Service Provider (VASP)<\/strong> from the Financial Conduct Authority (FCA) of the United Kingdom.<\/strong><\/p>\n

This is a recognition that allows Coinbase to offer services related to crypto and fiat currencies in the UK market, consolidating its position and strengthening the trust of UK users.\u00a0<\/p>\n

A clear signal from the United Kingdom of wanting to define its own regulatory framework on digital assets, with the goal of becoming a global hub for financial innovation.\u00a0<\/p>\n

Not only that, in the same month, Polkadot<\/strong> launched<\/a> in the United Kingdom a first blockchain course dedicated to legislators,<\/strong> which aims to provide a deeper understanding of the technology to political representatives. <\/p>\n

Speaking instead about the relationship between users and crypto<\/strong>, the latest report from CoinCorner 2024, highlighted<\/a> that 51% of users in the UK have never sold their Bitcoin (BTC).<\/strong> This data indicates a clear trend towards a long-term investment strategy, HODL.\u00a0<\/strong><\/p>\n