Which types of estoppel are commonly used in the world of cryptocurrencies?

3 answers

• Caleb NKULUDec 12, 2021 · 4 years ago
  Estoppel is a legal concept that is commonly used in the world of cryptocurrencies to prevent someone from denying a fact or claim that they have previously stated or acted upon. There are several types of estoppel that are commonly used in this context, including promissory estoppel, proprietary estoppel, and equitable estoppel. Promissory estoppel is often used when one party makes a promise to another party and the other party relies on that promise to their detriment. Proprietary estoppel is used when someone has been given an expectation or assurance of a right or interest in a cryptocurrency or related asset. Equitable estoppel is used when it would be unfair or unjust for someone to go back on their word or deny a fact in the context of cryptocurrencies. These types of estoppel help to ensure fairness and prevent fraud in the world of cryptocurrencies.
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• Nisitha LakshanJul 15, 2022 · 3 years ago
  When it comes to cryptocurrencies, estoppel plays a crucial role in maintaining trust and preventing fraudulent activities. The most commonly used types of estoppel in this industry are promissory estoppel, proprietary estoppel, and equitable estoppel. Promissory estoppel comes into play when one party makes a promise to another party and the other party relies on that promise to their detriment. Proprietary estoppel is used when someone is given an expectation or assurance of a right or interest in a cryptocurrency or related asset. Equitable estoppel is used to prevent someone from going back on their word or denying a fact in the context of cryptocurrencies. These types of estoppel help to ensure transparency and accountability in the world of cryptocurrencies.
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• sagar 1111Mar 04, 2022 · 3 years ago
  In the world of cryptocurrencies, various types of estoppel are commonly used to maintain trust and prevent fraudulent activities. Promissory estoppel, proprietary estoppel, and equitable estoppel are the three main types that are often utilized. Promissory estoppel is employed when one party makes a promise to another party and the other party relies on that promise to their detriment. Proprietary estoppel is used when someone is given an expectation or assurance of a right or interest in a cryptocurrency or related asset. Equitable estoppel is used to prevent someone from going back on their word or denying a fact in the context of cryptocurrencies. These types of estoppel are essential in ensuring the integrity and reliability of the cryptocurrency industry.
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