Tianjin Court Takes Up Bid to Confiscate More Than 61,000 Bitcoin
Photo: TokenPost
A court in Tianjin accepted a prosecutors’ application to confiscate more than 61,000 Bitcoin (BTC) seized in Britain, adding a separate proceeding to a dispute over who owns the coins. The Chinese court accepted the filing Sept. 28 and announced it Oct. 13. Prosecutors seek assets linked to Zhimin Qian, including Bitcoin held by British authorities. They contend the property represents unlawful proceeds and related gains. Accepting the application does not confiscate the coins or order their transfer to China. The filing runs alongside a British civil recovery case involving investors in Qian’s schemes. In its Oct.
Source: TokenPost
