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Service of Process

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For the first time in the UK, in D’Aloia v Persons Unknown, Binance Holdings Limited & Others, the High Court of England and Wales granted an order permitting the service of court documents via an NFT on the blockchain. In said order, the High Court also ruled that exchanges holding cryptoassets could be constructive trustees of the cryptoassets deposited within their infrastructure. The Case Mr D’Aloia, the Claimant, applied for an urgent interim proprietary injunction…