China is selling seized crypto, despite its trading ban

China is selling seized crypto, despite its trading ban

China Selling Seized Crypto To Top-Up Coffers As Economy Slows: Report

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Bitcoin In Peril? Expert Warns Of China’s Alleged Scheme To Crash BTC To $40,000 - Coin Surges

As Bitcoin (BTC) attempts to stabilize above the crucial $80,000 support level, a new warning from market analyst Leviathan has raised concerns about an alleged strategy by China that could significantly impact the leading cryptocurrency.  China’s ‘Secret’ Bitcoin Strategy In a recent post on X (formerly Twitter), Leviathan claimed that China plans to sell off its Bitcoin holdings, potentially driving the price down to $40,000. According to the …

Chinese Authorities Debate How to Handle $16 Billion in Seized Bitcoin - WorldNL Magazine

TLDR Local Chinese governments are selling seized cryptocurrency through private companies despite the national ban on crypto trading China held approximately 15,000 Bitcoin worth $1.4 billion at the end of 2023, with total holdings estimated at 194,000 BTC worth about $16 billion Crypto-related crimes in China have surged 10-fold to 430.7 billion yuan ($59 billion) in 2023 Experts suggest the central bank should handle seized crypto by selling…

China Takes Bold Steps to Manage Seized Cryptocurrencies

China faces increasing scrutiny over its cryptocurrency practices and seized assets. Local governments are selling seized cryptocurrencies to support economic stability. Continue Reading:China Takes Bold Steps to Manage Seized Cryptocurrencies The post China Takes Bold Steps to Manage Seized Cry...