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A High Court judge has decided that Chinese law, not English law, should determine victims' rights over 61,000 bitcoins seized in London during the Zhimin Qian fraud investigation, strengthening the UK state's position in a case worth roughly $5 billion.
Britain has frozen an £8.9 million St James's Park penthouse belonging to Thet Li, the alleged chief financial officer of the Prince Group, as Washington separately pursues roughly $14 billion in Bitcoin tied to the network.
A trader known as "realist" on X says three armed men invaded his home, bound him and stole roughly $800,000 in crypto and a Rolex — the latest in a string of violent "wrench attacks" against crypto holders in the UK and France.
A Solihull investor known only as James was beaten with a hammer for 45 minutes while his pregnant wife was smothered with a pillow, in a robbery directed by phone. The BBC's account lands amid record figures for violent crypto thefts.
Britain's leading financial industry lobby has terminated Coinbase's membership after a review of its admission criteria, according to Bloomberg, just as the FCA prepares to open applications for the country's new crypto regulatory regime.
The Financial Conduct Authority raided three unregistered peer-to-peer crypto trading sites in London that swapped cash for bitcoin and stablecoins without identity checks, part of a broader enforcement push against the country's shadow crypto economy.
The National Crime Agency has placed crypto assets third on a new nine-point list of economic crime priorities, citing hundreds of billions of pounds in criminal money moving through UK finance and detailing two operations that yielded arrests, seizures and millions in frozen funds.
A new statutory objective will require the Bank of England to promote innovation in payments and digital money, arriving weeks after the central bank eased its draft stablecoin regime.