🔁Mario Nawfal:
🇨🇳 CHINA SECRETLY SELLING SEIZED BITCOIN TO BOOST THEIR ECONOMY?
Local Chinese governments are quietly offloading seized crypto assets—despite a strict national ban on crypto trading—to refill public coffers as the economy falters.
They reportedly held around 15,000 Bitcoins worth $1.4 billion last year alone.
Experts suggest China could instead follow Trump's lead, building strategic Bitcoin reserves to hedge against economic pressures.
But for now, Beijing's local governments are cashing out via offshore markets, turning seized digital gold into quick cash—rules be damned.
Source: Cointelegraph
https://x.com/MarioNawfal/... https://x.com/MarioNawfal/...
🇨🇳 CHINA SECRETLY SELLING SEIZED BITCOIN TO BOOST THEIR ECONOMY?
Local Chinese governments are quietly offloading seized crypto assets—despite a strict national ban on crypto trading—to refill public coffers as the economy falters.
They reportedly held around 15,000 Bitcoins worth $1.4 billion last year alone.
Experts suggest China could instead follow Trump's lead, building strategic Bitcoin reserves to hedge against economic pressures.
But for now, Beijing's local governments are cashing out via offshore markets, turning seized digital gold into quick cash—rules be damned.
Source: Cointelegraph
https://x.com/MarioNawfal/... https://x.com/MarioNawfal/...
8 days ago
