UK High Court Rules Chinese Law Governs Claims to 61,000 Seized Bitcoin
Key Highlights: London’s High Court determined that Chinese law governs property rights over 61,000 Bitcoin seized by the Metropolitan Police, currently valued at roughly $5 billion. The ruling stems from civil recovery proceedings targeting fraud mastermind Zhimin Qian, who was sentenced to 11 years and eight months for money laundering. While the decision establishes the ...