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UK HIGH COURT

UK Considers Keeping $6.4B Bitcoin Gains From Chinese Fraud
Uk High Court

UK Considers Keeping $6.4B Bitcoin Gains From Chinese Fraud

The High Court is considering if to reimburse only the original investment value of £640 million while the seized Bitcoin is now worth nearly $7.24 billion, potentially leaving $6.4 billion in government hands.

UK Court Recognized Cryptocurrency as Property in Freezing Order
Uk High Court

UK Court Recognized Cryptocurrency as Property in Freezing Order

In a property ownership tussle, UK high court found itself in the second attempt to recognize cryptocurrency as property. This time round, the court imposed a freezing order to crypto firm directors who failed to prove that they were not owners of the disputed cryptocurrencies.