Daily Market Updates: UK court ruling boosts government bid to keep seized bitcoin

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UK court ruling boosts government bid to keep seized bitcoin

Reported · Written up by our desk · Regulation

A UK court ruling strengthened the government’s position in a bid to retain $5 billion worth of bitcoin that was seized by the Metropolitan Police, according to CoinDesk.

The bitcoin in question totals 61,000 BTC, which were seized in an investigation into Zhimin Qian, who pleaded guilty to defrauding thousands of people in China.

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Sources

CoinDeskUK court ruling boosts government’s chances of keeping $5 billion in seized bitcoin

Crypto

UK court ruling boosts government bid to keep seized bitcoin

More like this

Sources

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