The largest crypto seizure in UK history just took a decisive legal turn.
The UK High Court ruled on Oct 12 (UK time) that property claims over 61,000+ bitcoins tied to the Tianjin Lantian Gerui illegal fundraising case — run by Qian Zhimin — will be judged under Chinese law, not English law. Caixin reported the judgment on Oct 13 (Beijing time).
The catch: roughly 16,000 Chinese victims in the UK recovery proceedings may now only get back principal plus interest — missing out on bitcoin's huge appreciation since the 2018 Hampstead seizure. Mr Justice Turner left the content of Chinese law to later proceedings.
Takeaway: in cross-border crypto recovery, which country's law applies decides who captures the upside.
Not financial advice.
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英国史上最大扣押案，迎来关键裁定。
据财新报道，英国当地时间10月12日，英国高等法院裁定：天津蓝天格瑞非法集资案（主犯钱志敏）相关的6.1万余枚比特币，其财产权索赔适用中国法，而非英国法。
这意味着参与英国追偿程序的约1.6万名中国受害人，可能只能拿回本金和利息——无缘比特币自2018年查扣以来的巨额增值。特纳法官将中国法具体内容和个人权利认定留待后续程序。
跨境加密追赃的里程碑：适用哪国法律，直接决定增值收益归谁。
非投资建议，仅供参考。
$BTC
#比特币 #跨境追赃 #监管
The UK High Court ruled on Oct 12 (UK time) that property claims over 61,000+ bitcoins tied to the Tianjin Lantian Gerui illegal fundraising case — run by Qian Zhimin — will be judged under Chinese law, not English law. Caixin reported the judgment on Oct 13 (Beijing time).
The catch: roughly 16,000 Chinese victims in the UK recovery proceedings may now only get back principal plus interest — missing out on bitcoin's huge appreciation since the 2018 Hampstead seizure. Mr Justice Turner left the content of Chinese law to later proceedings.
Takeaway: in cross-border crypto recovery, which country's law applies decides who captures the upside.
Not financial advice.
---
英国史上最大扣押案，迎来关键裁定。
据财新报道，英国当地时间10月12日，英国高等法院裁定：天津蓝天格瑞非法集资案（主犯钱志敏）相关的6.1万余枚比特币，其财产权索赔适用中国法，而非英国法。
这意味着参与英国追偿程序的约1.6万名中国受害人，可能只能拿回本金和利息——无缘比特币自2018年查扣以来的巨额增值。特纳法官将中国法具体内容和个人权利认定留待后续程序。
跨境加密追赃的里程碑：适用哪国法律，直接决定增值收益归谁。
非投资建议，仅供参考。
$BTC
#比特币 #跨境追赃 #监管