✉news WorldLaw & Courts first seen 4 d ago, last 4 d ago, peak #36
UK Court Rules Chinese Law Governs Recovery of 61,000 Seized Bitcoins
Original: U.K. Court Rules Chinese Law Governs Recovery of Over 61,000 Seized Bitcoins
A UK court has ruled that Chinese law applies to the recovery of more than 61,000 bitcoins seized by British authorities. The decision is significant for one of the largest cryptocurrency seizures ever, and it raises questions about how claims from Chinese victims of the underlying fraud will be handled and whether the assets will ultimately be returned to China.
Why now: The ruling determines the legal framework for distributing one of the largest bitcoin seizures in history.
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