A 47-year-old Chinese national has pleaded guilty in Britain to a multi-billion-dollar Bitcoin scheme, according to Metropolitan Police, which said it has made what is possibly the "world's largest" crypto seizure.

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