UK Ruling Strengthens Government’s Bid to Keep $5 Billion in Bitcoin
A UK court decision improves the government’s prospects of retaining 61,000 BTC seized in a fraud investigation, CoinDesk reported.
A UK court ruling has strengthened the government’s chances of retaining seized bitcoin valued at about $5 billion, according to CoinDesk.
The case involves 61,000 BTC confiscated by the Metropolitan Police during an investigation into Zhimin Qian.
Qian pleaded guilty to defrauding thousands of victims in China. The ruling improves the government’s position but does not, on the information reported, establish that it will ultimately keep the bitcoin.
Source: CoinDesk
