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Defamation case: how Singapore-based blockchain project MinePlex answers to Vietnamese TV

Press Releases Crypto News CryptoDaily UK Defamation case: how Singapore-based blockchain project MinePlex answers to Vietnamese TV

Defamation cases against media outlets happen all over the world but the legal practice varies hugely. Apart from geographical differences, the industry also remains a factor. Projects in new fields like blockchain are frequently exposed to debatable practices in journalism. But the blockchain market maturity brings potential defamation cases in the response to such practices.

The Singapore-registered cryptocurrency company MinePlex is ready to take legal action against VTV Channel for trying to damage the blockchain project’s reputation. The company contacted the law firm and sent an official letter demanding issuing the rebuttal to the false allegations presented on March 9, 2023.

The issue started when the national Vietnamese broadcaster channel VTV published on their website a video and an article titled “The electronic bank self-proclaimed as MinePlex operates illegally” that blamed the company for operating activities, seducing participants to join what journalists presented as a pyramid.

First of all, per MinePlex’s letter, the company “has full legal bases and operating conditions”. The firm is registered in Singapore as MINEPLEX PTE. LTD. under the registration number 202025952D. The transparency of their operations can be also demonstrated by the successful pass of the KYC team check from the international company CertiK.

Secondly, MinePlex insists that the company never claimed to be a traditional bank. In fact, from the start of the project they continued to inform customers about the fact that they partner with traditional banks to offer financial-related services such as payment cards to their customers. For example, on February 25, MinePlex Go to Source to See Full Article
Author: Adrian Barkley

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