What is the body corporate’s responsibility in these situations, and does it extend to the repair of damage to sections? While the damage to property is not always extensive, water ingress causing damp can be very difficult and expensive, and sometimes impossible, to cure. Cracks in floors and walls can be the result and, in extreme cases, compromise of the building’s structural integrity. Quite common examples of the cause of serious repair issues are subsidence and foundation failure, which are not usually maintenance issues. Examples are leaking roofs and showers that damage the sections below. Of course, failure to maintain the property for which one is responsible often has an adverse effect on other property. The body corporate must maintain all the common property and keep it in a state of good and serviceable repair, and an owner must repair and maintain his or her section in a state of good repair. The basic maintenance and repair responsibilities are set out in the Sectional Titles Schemes Management Act “the Act” in Section 3, Functions of the body corporate and Section 13, Duties of owners. Owners in sectional title schemes often think that the body corporate is automatically responsible to repair damage to their section if the damage is the result of some failure of the common property. The market capitalization is slightly above $3 billion – the 21 largest.When must the body corporate pay for my repairs? LTC is down over 15 percent (24h) to $42.45 during the time of writing. Reportedly, there are five major Korean exchanges that have announced they will suspend and delist LTC from their platforms. Given the MWEB function conceals transactions, Litecoin now appears as a dint. Korean exchanges are required to record cryptocurrency transactions by law as part of the anti-money laundering (AML) policy. Last week, major cryptocurrency exchanges in Korea, including Upbit and Bithumb, announced they would terminate support for LTC trading amid the MWEB function.
Binance Korean exchanges delist Litecoin amid privacy concern To ensure security of your funds, please do not deposit LTC through the MWEB function. The exchange warned users not to deposit LTC through the privacy feature as such transactions will not be recognized.Īny LTC deposits made to Binance through the MWEB function will not be received or returned as we are unable to verify the sender’s address, resulting in the direct loss of funds. In the announcement on Monday, Binance precisely noted it will not support “deposits and withdrawals of Litecoin (LTC) that utilize the MimbleWimble Extension Blocks (MWEB) function.” It explained that MWEB offers users the option of making confidential transactions on Litecoin without revealing any transaction information. The privacy feature is now raising money laundering concerns over Litecoin, one of the long-standing cryptocurrencies, and Binance has decided not to support trades made on the MWEB function, probably for compliance reasons.
MWEB CRACK UPGRADE
Recently in May 2022, an MWEB upgrade was activated on the network as a soft-fork, more like a literal extension from the main chain, that enables users the option of “sending ‘confidential’ Litecoin transactions.” Binance won’t support LTC on MWEBįirst introduced in November 2019, MWEB is a fungibility improvement introduced to the LTC network to enhance confidentiality between senders and receivers of LTC transactions. Largest cryptocurrency exchange Binance has joined the list of trading platforms that have announced they won’t support Litecoin transactions based on the network’s new privacy feature known as the MimbleWimble Extension Blocks (MWEB) function.
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