Zhimin Qian pleads guilty after wallets with 61,000 bitcoins, currently worth over £5bn, seized from north London home

Zhimin Qian, also known as Yadi Zhang, admitted charges of possessing and transferring criminal property on the first day of her trial at Southwark Crown Court.

Zhimin Qian pleaded guilty to laundering over £5 billion in cryptocurrency, which Rachel Reeves wants to use to plug the hole in the budget