China Moves to Confiscate Billions in BTC, XRP, DOGE and Other Cryptocurrencies
Key Highlights: Confiscation proceedings target assets tied to a massive $6 billion investment fraud run through Tianjin Lantian Gerui Electronic Technology, which affected over 102,000 investors. The UK High Court ruled that Chinese law governs victim recovery claims, leaving open the question of whether victims receive original fiat losses or benefit from Bitcoin’s price appreciation. ...