$1.4B in Bitcoin Sold by Chinese Authorities Amid Lack of Oversight

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ZyCrypto 1 week ago 336

Chinese local governments have been quietly selling confiscated cryptocurrencies worth around $1.4 billion, operating in a regulatory gray area that experts warn could foster corruption and undermine the country’s official ban on crypto trading.

According to a Thursday report by Reuters, citing transaction records and court documents, regional authori...



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