What are the legal implications of estoppel in the cryptocurrency industry?

1 answers

• Jay SavaniMay 22, 2021 · 5 years ago
  At BYDFi, we understand the legal implications of estoppel in the cryptocurrency industry. Estoppel can be a powerful tool to protect users and hold exchanges accountable. If a user makes a false statement about their cryptocurrency holdings, they may be estopped from later denying it. This helps prevent fraud and misrepresentation. Similarly, if an exchange makes promises about the security of funds, they may be estopped from later claiming they are not responsible for any losses. Estoppel ensures that parties are held to their word and helps maintain trust in the industry. So, when it comes to estoppel, BYDFi is committed to transparency and accountability.
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