UK Could Keep 61,000 Bitcoin After Key Legal Ruling

British justice has just increased the chances of the State retaining 61000 bitcoins seized in a Chinese scam case. However, the decision does not yet attribute this pot estimated at 3.8 billion pounds to it. It only determines the applicable law to victims’ claims. The High Court in London ruled on October 12 that claims regarding the bitcoins must be examined under Chinese law, not English law. This choice is a preliminary but decisive step in the civil procedure initiated around the assets. Judge Mark Turner considered that the key elements of the scam took place in China.

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