The UK High Court allows Chinese victims in the Qian Zhimin case to appeal the legal ruling.

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On October 16 (UTC+8), the UK High Court permitted Chinese victims in the Qian Zhimin case to appeal a ruling regarding ownership of over 60,000 bitcoins. The court confirmed that Chinese law applies, allowing approximately 16,000 victims to challenge the October 12 decision. During the hearing, legal teams discussed CFT compliance, litigation costs, and next steps for individual applicants. The case could influence future MiCA-related disputes involving cross-border crypto assets.

ME News reports that on October 21 (UTC+8), the UK High Court held another hearing on October 16, during which the judge approved the Chinese victims' appeal of the legal applicability ruling issued on October 12. On October 12, the UK High Court had ruled that the property rights dispute over more than 60,000 bitcoins in the Qian Zhimin case is governed by Chinese law, granting approximately 16,000 Chinese victims involved in the UK recovery proceedings the opportunity to challenge the ruling. During this hearing, attorneys from all parties also discussed issues related to litigation costs arising from the prior legal applicability dispute, as well as whether the approximately 16,000 individual applicants will continue their claims and how they may withdraw. (Source: Foresight News)

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