UK court ruling boosts government’s chances of keeping $5 billion in seized bitcoin
Summary
A recent UK court ruling increases the likelihood that authorities will retain a massive cryptocurrency seizure. The decision relates to tens of thousands of bitcoin confiscated during an investigation into a major fraud scheme originating in China.
The decision concerns 61,000 BTC seized by the Metropolitan Police in its investigation into Zhimin Qian, who pleaded guilty to defrauding thousands of people in China.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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