UK Moves Closer to Keeping $5B Bitcoin Haul After High Court Ruling
Summary
UK authorities are a step closer to retaining a massive five billion dollar bitcoin reserve following a recent High Court decision. A judge determined that claims from fraud victims regarding the seized digital assets must be evaluated under Chinese law.
A judge ruled that Chinese law should govern fraud victims' claims to the 61,000 BTC seized from Zhimin Qian, in a blow to the claimants.
Source: Read the full story at Decrypt
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