China Liquidating Seized Crypto Assets Amid Economic Struggles, Report Says

Amid mounting economic challenges and a growing pile of confiscated cryptocurrencies, local governments in China are increasingly liquidating seized digital assets to bolster strained public finances. The practice raises legal and regulatory questions, especially concerning China’s blanket ban on crypto trading. China Selling Seized Crypto To Bolster Treasury China reportedly held around 15,000 Bitcoin (BTC) worth $1. 4 billion by the end of 2024 source: https://beincrypto.com/china-liquidating-seized-crypto-assets/