The UK High Court ruled that Chinese law governs the ownership dispute over roughly 61,000 seized Bitcoins in the Zhimin Qian fraud case because the underlying financial loss and contractual relations took place in China. The preliminary decision establishes the applicable governing law for property rights claims without directly issuing a final ruling on who ultimate owns or receives the assets.#UKHighCourtRulesChineseLawGovernsBitcoinClaims