#ukhighcourtruleschineselawgovernsbitcoinclaims đš
UK COULD SELL MOST OF $5 BILLION IN SEIZED BITCOIN
!
A London
High Court ruled Chinese law applies to Chinese fraud victimsâ claims on 61,000 $BTC
seized from Zhimin Qian.
The coins were mostly bought between 2014 and 2017 and are now worth about $5 billion.
Chinese
law makes it harder for victims to claim the price gains, so more of the appreciation could stay with the UK.
The ruling is preliminary, victims are appealing, and a further hearing is still needed.
The UK does not hold seized Bitcoin as a reserve and has sold it before under the Proceeds of Crime Act.$AIOT $GMX
UK COULD SELL MOST OF $5 BILLION IN SEIZED BITCOIN
!
A London
High Court ruled Chinese law applies to Chinese fraud victimsâ claims on 61,000 $BTC
seized from Zhimin Qian.
The coins were mostly bought between 2014 and 2017 and are now worth about $5 billion.
Chinese
law makes it harder for victims to claim the price gains, so more of the appreciation could stay with the UK.
The ruling is preliminary, victims are appealing, and a further hearing is still needed.
The UK does not hold seized Bitcoin as a reserve and has sold it before under the Proceeds of Crime Act.$AIOT $GMX