TechFlow news, on September 15, according to Caixin, the main suspect in the 60,000 Bitcoin case, Qian Zhimin, is scheduled to be tried on September 29 at Southwark Crown Court in London, marking a landmark test and turning point for the regulation and governance of cross-border financial crimes in the digital currency era. It was revealed that victims from China must "pursue their rights independently" in civil recovery proceedings in the UK concerning criminal proceeds. Following an application by prosecutors under the UK's Proceeds of Crime Act 2002 (POCA), the Director of Public Prosecutions has initiated civil recovery proceedings over assets seized in the cases of Qian Zhimin and Jian Wen. Once a civil recovery order is granted by the court, the substantial amount of Bitcoin can be "confiscated and forfeited" and transferred to a designated trustee appointed by UK law enforcement. Meanwhile, another civil route—applying for the overseas liquidation of Blue Sky Grid Ltd in the UK—has so far made no substantive progress.
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