China grapples with its growing collection of seized cryptocurrency, prompting discussions about legal recognition and even a national crypto reserve. As enforcement actions against illegal activity increase, the […]
U.S. Imposes High Tariffs on Chinese Goods, Heightening Trade Tensions
The U.S. has imposed hefty tariffs of up to 245% on Chinese imports, escalating trade tensions and raising concerns about their impact on global markets. The move marks […]
China’s Economic Actions Shake Crypto Market as Trade Tensions Persist
The escalating trade tensions between the US and China are impacting not only financial markets but also cryptocurrencies. While specific data on the impact of tariffs is awaited, […]
China’s Seized Crypto: Selling for Cash Amid Ban, Calls for Clearer Regulations
Despite a ban on crypto trading in China, authorities are selling seized digital currencies to generate revenue. This approach highlights the gap between China’s official stance and its […]
China’s Trade Policy Shifts Amidst Crypto Market Volatility
China’s economic strategy is evolving amid a challenging global climate characterized by escalating tariffs between the U.S. and China, leading to disruptions in trade and impacting the cryptocurrency […]
China Seizes Crypto, Despite Ban: Local Governments Selling Assets for Financial Aid
Despite a nationwide ban on cryptocurrency trading in China, local governments are facing difficulties managing seized crypto assets. The lack of clear regulations and legal frameworks has sparked […]
China Liquidates Seized Crypto: A Regulatory Puzzle in a Volatile Market
Facing economic challenges and cryptocurrency-related crime, Chinese local governments are turning to private firms for the disposal of seized digital assets. While this approach offers a potential revenue […]
Dollar Sinks as Trade Tensions Drive Investors Toward Asia
The US dollar’s value dropped on Wednesday, shedding significant ground against other currencies amid heightened trade tensions between the US and China. Investor uncertainty fueled a sell-off of […]
China Liquidates Crypto Assets to Stabilize Finances
Facing economic difficulties, China is taking drastic measures to bolster public finances. Local authorities are now liquidating seized cryptocurrency assets, reflecting a broader shift in economic strategy and […]
China’s Local Governments Offload Crypto Assets Abroad
Despite a strict ban on crypto trading within China, local governments are secretly disposing of seized digital assets in offshore markets, raising concerns about legal ambiguity and potential […]
China’s Seized Crypto Assets: A Growing Revenue Stream, But Regulatory Gap Persists
Despite China’s ban on cryptocurrency trading, seized digital currencies are generating substantial revenue for local governments. This is due to a continuous flow of illegal crypto transactions that […]
China Explores Bitcoin Amidst Trade Tension & Economic Slowdown
Facing unresolved trade tensions between the US and China, which have resulted in an economic slowdown, local Chinese governments are turning towards cryptocurrencies. Despite a ban on cryptocurrency […]
China’s $16B Bitcoin Liquidation Sparks Market Uncertainty
China has reportedly liquidated approximately $16 billion worth of Bitcoin in September, significantly impacting global cryptocurrency markets. The move is suspected to be an attempt by China to […]
China Sets Conditions for U.S. Trade Talks with Trump
China has signaled a conditional willingness to engage in trade negotiations with the United States, stipulating that former President Donald Trump’s continued influence on US policy must be […]
China Offloads Billions in Bitcoin, Flaunting Tight Crypto Crackdown
Despite a nationwide ban on crypto trading and holding for individuals, China has secretly auctioned off billions of dollars worth of seized bitcoin through offshore platforms. This move […]