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The Chinese authorities are looking for ways to sell the confiscated cryptocurrency

April, 16 2025

Chinese municipal authorities are trying to sell the seized cryptocurrency, but they face obstacles caused by the ban on transactions with digital assets inside the country. To solve this problem, they resort to the services of private companies that sell confiscated tokens on foreign markets. In return, they receive cash, which is then sent to the local budget.By the end of 2023, the Chinese authorities had about 15,000 bitcoins on their balance sheet with a total value of $1.4 billion. The sal... Read More

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