How does estoppel by silence affect the rights and obligations of cryptocurrency users?

1 answers

• Jan 12, 2022 · 3 years ago
  Estoppel by silence is a legal concept that can affect the rights and obligations of cryptocurrency users. Essentially, if a user remains silent when they have a duty to speak up, their silence can be seen as an acceptance or agreement. This means that if a user fails to report suspicious activity or breaches of security on their account, they may be held responsible for any resulting losses. Additionally, if a user fails to provide accurate information to a cryptocurrency exchange, such as their identity or the source of their funds, they may face legal consequences or have their account suspended. It's important for cryptocurrency users to be aware of their obligations and responsibilities to ensure they are in compliance with the law.
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