The High Court of England and Wales has granted permission for about 16,000 Chinese applicants to appeal a ruling concerning their claimed rights to over 61,000 Bitcoin. The court's October 12 decision stated that Chinese law governs these property rights but did not determine ownership or recovery details. The October 16 permission allows the applicants to challenge this ruling, though the appeal's outcome is still pending. The case centers on Bitcoin bought with funds from Chinese investment schemes between 2014 and 2017, with the legal dispute focusing on which law applies to the claims, while individual ownership issues will be settled separately.
The UK court's ruling on 61,000-plus Bitcoin and the related appeal permission provide context for cryptocurrency market activity. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 22, 2026 01:51 WIB: out of 50 major cryptocurrencies priced on Pluang, 42 rose and 7 fell today. Notable movers include SXP at Rp37 with a 1-day change of -46.27%, BAT at Rp3,262 with a 1-day change of -11.59% and a 57% sell order activity, and BAL at Rp16,297 with a 1-day change of +11.14%.
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