🚀 U.S. Treasury to Include Seized Bitcoin in Digital Asset Reserves
#USTreasury #SeizedBitcoin #DigitalAssetReserves #Cryptocurrency #DigitalCurrencies #FinancialFrameworks #BTC
The U.S. Treasury Department has announced plans to incorporate seized Bitcoin into the government's digital asset reserves. According to ChainCatcher, this decision was reported by CoinDesk and marks a significant step in the government's approach to managing digital currencies. The move reflects an evolving strategy towards the integration of cryptocurrencies within official financial frameworks.#USTreasury #SeizedBitcoin #DigitalAssetReserves #Cryptocurrency #DigitalCurrencies #FinancialFrameworks #BTC
🚀 Victims Urge UK Court to Reject Bitcoin Redress Plan
#Victims #UKCourt #Bitcoin #RedressPlan #ZhiminQian #Fraud #SeizedBitcoin #Compensation #LegalAppeal #NS3AI #Candey #ChineseRedressScheme #BitcoinGains #PreliminaryHearing #Section281 #BTC
Victims of the Zhimin Qian fraud are appealing to the UK High Court to dismiss a proposed redress plan concerning approximately 61,000 seized Bitcoin, currently valued at around 3.2 billion pounds ($4.3 billion). According to NS3.AI, Candey, the legal representative for about 5,700 victims, contends that channeling compensation through a Chinese redress scheme might prevent claimants from benefiting from the gains accrued since the Bitcoin seizure. A preliminary hearing is set for July to determine whether English or Chinese law will govern the claims. Additionally, May 22 is the deadline for claimants seeking recovery under Section 281.#Victims #UKCourt #Bitcoin #RedressPlan #ZhiminQian #Fraud #SeizedBitcoin #Compensation #LegalAppeal #NS3AI #Candey #ChineseRedressScheme #BitcoinGains #PreliminaryHearing #Section281 #BTC