The UK High Court decided that Chinese law applies to claims involving over 61,000 seized Bitcoin linked to investment schemes centered in China. This ruling sets the legal framework for restitution claims but does not determine who owns the Bitcoin or how it will be distributed. The case involves contracts from 2014 to 2017 and Bitcoin purchases via a Huobi account before the defendant moved to England. The next step requires parties to clarify how Chinese law applies in ongoing UK civil recovery proceedings.
The UK High Court ruling on Chinese law governing claims to 61,000 seized Bitcoin provides a backdrop for cryptocurrency market activity. For readers following cryptocurrency, here is Pluang's market snapshot as of Oct 13, 2026 02:51 WIB: out of 50 major cryptocurrencies priced on Pluang, 7 rose and 42 fell today. Notable movers include AAVE at Rp2.878.842 with a 1-day change of -5.01% and 95% sell order activity, GRT at Rp475 with a -4.92% change and 78% sell activity, and ONE at Rp34 with a -4.61% change and 83% sell activity.
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