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UK ruling complicates China's claim to 61,000 bitcoin
Original: UK ruling complicates China's claim to 61K bitcoin
A UK court ruling has complicated China's effort to claim roughly 61,000 bitcoin, a hoard tied to the massive fraud case involving Tianjin Lantian Gerui Investment and Wen JiANCE, whose funds were laundered through the UK. The decision raises fresh questions over which government can seize the assets, worth billions of dollars, and could set a precedent for cross-border crypto forfeiture.
Why now: China is seeking to recover billions in seized bitcoin, and the UK ruling may reshape the outcome and set a legal precedent.
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Evidence
- UK ruling complicates China's claim to 61K bitcoin · Yahoo Finance
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