From Yahoo Finance: 2025-04-15 19:08:00

China faces challenges in disposing of seized cryptocurrencies due to a lack of regulations. Local governments resort to selling digital coins through private companies for cash. Criminal cases involving cryptocurrencies have surged, with $59 billion involved in crypto-related crimes in 2023. Discussions are ongoing on better regulation and disposal of seized virtual currencies. China holds 15,000 bitcoins worth $1.4 billion, ranking as the 14th largest holder globally. Private companies play a significant role in helping local governments dispose of cryptocurrencies, leading to profitable opportunities. Suggestions include clarifying property attributes of virtual currencies and creating a centralized system for disposal. Experts propose a crypto sovereign fund in Hong Kong for maximizing the value of seized cryptocurrencies.



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