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Chinese Authorities Sell $1.4 Billion in Confiscated Cryptocurrencies

April 19, 2025April 19, 2025 - by Elena Garcia - Leave a Comment

Chinese local governments are selling around $1.4 billion worth of confiscated cryptocurrencies, exposing regulatory gaps that may foster corruption. This activity lacks national oversight, raising concerns among experts. The volume …

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China’s Local Governments Liquidate Seized Crypto Amid Economic Pressures

April 16, 2025April 16, 2025 - by Elena Garcia - Leave a Comment

Chinese local governments are selling seized cryptocurrencies to mitigate economic challenges, despite a national ban on crypto trading. This has raised concerns about corruption and inconsistent asset management. The country …