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Market Cap
24h Vol
13284
Cryptocurrencies
62.39%
Bitcoin Share
The Defiant 2025-04-16 08:30:33

China Sells 194,000 BTC Worth $16 Billion in Seized Crypto Assets Amid Economic Slowdown

China Sells 194,000 BTC Worth $16 Billion in Seized Crypto Assets Amid Economic Slowdown

China is reportedly selling seized cryptocurrency assets despite an existing trading ban, according to a Reuters report. Local governments are engaging private firms to liquidate these assets for cash to support public budgets. China holds approximately 194,000 Bitcoin (BTC), valued at around $16 billion, making it the second-largest holder of Bitcoin globally, following the United States. This move comes amid a slowdown in China's economy, prompting the government to seek alternative funding sources. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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https://www.digistore24.com/redir/325658/ceobig/
Market Cap
24h Vol
62.39%
Bitcoin Share
156
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