A British High Court ruling has dealt a significant setback to Chinese fraud victims seeking ownership of more than 61,000 bitcoin seized by London police. The cryptocurrency haul, now worth approximately $5 billion, originated from an enormous Ponzi scheme orchestrated by convicted fraudster Zhimin Qian.
Policy
The roughly $5.1 billion holding remains contested after victims lost their bid to rely on English law to establish ownership.
Policy
A recent change in the SEC’s rules on quorum could make it easier for the agency to amend its approach to crypto regulation in the absence of a market structure bill.
Policy
The country’s regulators are stepping up their earlier restrictions on mobile apps to websites, targeting unregistered exchanges before investors report losses.
Policy
A UK judge ruled Chinese law applies to victims' claims over 61,000 seized bitcoin, leaving ownership undecided.