Instrumententafel Angst & Gier Bergbaubecken Geldbörsen Wörterbuch Werben Facebook Twitter Telegram Reddit Youtube
Marktkapitalisierung:
24h Vol:
Kryptowährungen: 13285
Märkte: 101177
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Marktkapitalisierung
24h Vol
13285
Kryptowährungen
65.97%
Bitcoin Aktie
The Coin Rise 2025-04-16 10:50:32

Local Governments in China Are Quietly Selling Crypto Abroad: Report

Local Governments in China Are Quietly Selling Crypto Abroad: Report

Amid China strict ban on crypto trading, local governments are quietly offloading large stashes of seized digital assets in offshore markets—raising eyebrows about legal grey areas and potential corruption. According to a Reuters report published April 16, authorities across various provinces are engaging private firms to convert confiscated cryptocurrencies like Bitcoin into fiat currencies outside mainland China. Unclear Guidelines in China Fuel Concerns The report reveals that local governments collectively held around 15,000 Bitcoin—worth approximately $1.4 billion at the end of 2023—and have been liquidating them to boost strained public budgets. This practice, while helping refill government coffers, is taking place in the absence of clear national policy, prompting legal scholars and crypto observers to question both the legality and transparency of such moves. Lawyers speaking to Reuters warned that these ad-hoc methods could breed inconsistency and even misuse, given the lack of standardized procedures. Professor Chen Shi of Zhongnan University of Economics and Law remarked that these crypto liquidations, while pragmatic, don’t strictly align with China’s formal ban on crypto-related financial activities. Experts Suggest Reserve, Not Fire Sales China’s crypto dilemma is further complicated by a sharp rise in crypto-related crimes, from money laundering and online scams to illegal gambling. The state has prosecuted over 3,000 individuals for crypto-linked laundering alone in 2024. With crime on the rise and crypto assets piling up, the central government is under growing pressure to rethink how it manages seized digital wealth. One proposed solution is to move oversight to the People’s Bank of China, allowing the central authority to handle seized crypto in a consistent and regulated manner. Shenzhen-based attorney Guo Zhihao suggested that instead of haphazardly selling off assets, the country could consider establishing a sovereign Bitcoin reserve . This idea has gained traction especially as geopolitical tensions between the U.S. and China intensify. With the U.S. President Donald Trump planning to back crypto-friendly regulation and stablecoin development, the country may see value in maintaining a crypto war chest of its own. Ru Haiyang, co-CEO of HashKey in Hong Kong, echoed these sentiments, urging China to reconsider its stance and leverage crypto more strategically—perhaps by creating a sovereign crypto fund based in Hong Kong, where trading remains legal. The post Local Governments in China Are Quietly Selling Crypto Abroad: Report appeared first on TheCoinrise.com .

Meist gelesene Nachrichten

Moralis Money
Marktkapitalisierung
24h Vol
65.97%
Bitcoin Aktie
0
Heute Nachrichten
Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen