Caixin, via PANews, reported on October 13 that the UK High Court ruled that property claims to more than 61,000 bitcoins in the Tianjin Lantian Gerui illegal fundraising case $BTC must be recognized under Chinese law, not British law. The current price is 82510.6, down 1.55% in 24 hours, and the market has barely reacted to the news.
About 16,000 Chinese victims who have already joined the recovery proceedings in the UK may not be able to claim the appreciation following the price surge; their recovery may be capped at principal plus interest. The coins remain locked up in cross-border recovery proceedings, while the scope of what can be distributed has been narrowed by jurisdiction. What concerns me more is that if these coins are valued only at principal, there could be a huge gap between that amount and their secondary-market price of over 80,000.
Do you think recovery should be limited to principal plus interest, or is there still room to claim the appreciation?
#跨境追索 #加密监管
About 16,000 Chinese victims who have already joined the recovery proceedings in the UK may not be able to claim the appreciation following the price surge; their recovery may be capped at principal plus interest. The coins remain locked up in cross-border recovery proceedings, while the scope of what can be distributed has been narrowed by jurisdiction. What concerns me more is that if these coins are valued only at principal, there could be a huge gap between that amount and their secondary-market price of over 80,000.
Do you think recovery should be limited to principal plus interest, or is there still room to claim the appreciation?
#跨境追索 #加密监管