The British High Court has ruled that the Tianjin Blue Sky Grit case regarding Bitcoin recovery is subject to Chinese law

The High Court of the United Kingdom has ruled that the 61000 bitcoins involved in the Tianjin Blue Sky Grey case should be subject to Chinese law, not British law. About 16000 Chinese victims involved in the UK's recovery process may not be able to share the appreciation income of Bitcoin and can only recover the principal and interest. (Source: Caixin website)