The Qian Zhimin case, involving a huge amount of Bitcoin, has seen another legal development worth watching.
The UK High Court ruled that the dispute is governed by Chinese law. The key issue for discussion is no longer just the price of Bitcoin, but how victims’ rights, ownership of assets and jurisdiction should be handled in cross-border digital asset cases. The application of Chinese law does not mean that the return of all the assets has been definitively determined; that will still depend on the specific rulings and enforcement proceedings that follow.
If the Bitcoin involved ultimately has to be disposed of, do you think priority should be given to compensating victims, or to the potential impact that disposing of the assets could have on the market?
$BTC #英国高院裁定钱志敏案适用中国法
The UK High Court ruled that the dispute is governed by Chinese law. The key issue for discussion is no longer just the price of Bitcoin, but how victims’ rights, ownership of assets and jurisdiction should be handled in cross-border digital asset cases. The application of Chinese law does not mean that the return of all the assets has been definitively determined; that will still depend on the specific rulings and enforcement proceedings that follow.
If the Bitcoin involved ultimately has to be disposed of, do you think priority should be given to compensating victims, or to the potential impact that disposing of the assets could have on the market?
$BTC #英国高院裁定钱志敏案适用中国法