UK chances of keeping £3.8bn bitcoin haul rise after High Court ruling

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A UK High Court ruling has strengthened the government’s prospects of retaining a bitcoin holding valued at about £3.8 billion, though it does not necessarily settle the matter or guarantee forfeiture. The case keeps a large pool of seized bitcoin tied up in legal proceedings, rather than available for sale or circulation. For Bitcoin, the ruling is a reminder that governments can seek control of substantial holdings through asset-recovery actions, with potential market effects if the coins are ultimately liquidated.

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