China Uses Cold Wallets for Secure Crypto Seizure: Guizhou Example

Guizhou Province has adopted a novel security protocol for seized cryptocurrency, utilizing cold wallets to isolate digital assets and prevent their public exposure. This approach, implemented by the Duyun Public Security Bureau, aims to ensure asset control as part of China’s crackdown on illicit cryptocurrency transactions. [Source 1][Source 2] The initiative represents a significant step in combating illegal activities involving cryptocurrencies, mirroring broader efforts across China to address digital crime.