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October 13 The Second Intermediate Court of Tianjin announced that it had accepted the prosecutors' application to confiscate the illegal proceeds in the Qian Zhimin case, involving 61800 and other assets.BTC
The High Court of England and Wales ruled that Chinese investors' proprietary claims to the bitcoins involved in the Qian Zhimin case should be determined under Chinese law; the approximately 16000 victims participating in the UK recovery proceedings may receive no more than their principal and interest.
The UK High Court held that Chinese law applies to Chinese investors’ proprietary claims to the Bitcoins in question; approximately 16000 victims participating in the UK recovery proceedings may receive only principal and interest.