The UK is trying to keep the majority of a £5bn bitcoin haul that was originally stolen from investors in China, in what could be a significant windfall for the Treasury.
The battle over the proceeds from a multibillion Chinese investment fraud comes after Chinese national Zhimin Qian and her Malaysian assistant Seng Hok Ling both pleaded guilty to money laundering charges in London.
State legal action to seize assets from unlawful conduct in the UK normally attracts little controversy, but the stakes in this case are high due to the huge amount of bitcoin and the large number of victims.
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