UK Court Applies Chinese Law to Claims Over 61,000 Bitcoin
A UK court ruled that Chinese law governs victims’ ownership claims to roughly 61,000 Bitcoin, leaving the estimated $5.1 billion holding in dispute.
A UK court has determined that Chinese law applies to victims’ claims over a holding of approximately 61,000 Bitcoin, according to The Defiant.
The victims had sought to establish ownership under English law, but the court rejected that approach. The ruling determines which legal framework governs their claims.
The Bitcoin holding, valued at roughly $5.1 billion in the report, remains contested. The decision on applicable law does not itself settle ownership of the assets.
Source: The Defiant
