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by: xpoolPosted on: April 16, 2025

China Offloads Seized Bitcoin in Offshore Markets Amidst Economic Pressures

Chinese local governments are resorting to selling seized cryptocurrency like Bitcoin in offshore markets, a move that circumvents the nation’s crypto trading ban due to economic pressures. This activity, as reported by Reuters, has triggered increased market volatility, disrupting trading and raising questions about China’s regulatory framework.

Related posts:

  1. China’s Hidden Crypto Auctions: Local Governments Sell Seized Bitcoin to Navigate Economic Strain
  2. China’s Money Supply Boom: Could It Drive a Bitcoin Rally?
  3. Oklahoma Withdraws from Bitcoin Reserve Race after State Senate Vote
  4. China Liquidates $16 Billion in Seized Bitcoin Amid Economic Slowdown
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