The High Court in London ruled on Monday that Chinese law should govern victims' claims to 61,000 BTC seized from convicted fraudster Zhimin Qian. The ruling improves the UK government's chances of keeping the Bitcoin, worth about $5 billion. The decision does not settle who keeps the coins, and the content and application of Chinese law will be considered later. Justice Mark Turner wrote that each claimant must establish a proprietary interest in the Bitcoin. Fieldfisher, which represents the claimants, said it is pursuing an appeal, according to the Financial Times.