区块前沿
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Shocking the whole network! China sold 16 billion US dollars of Bitcoin, and the regulatory chaos was exposed!
At a time when global regulation is tightening, China quietly sold 194,000 Bitcoins, cashing in about 16 billion US dollars, shocking the market! And all this happened under a comprehensive ban?
⚠️Underground transactions? Officials quietly took action!
Although crypto transactions have been banned since 2021, local governments have secretly exchanged the seized cryptocurrencies into RMB and injected them into the fiscal budget through private companies. Data shows that as of the end of 2023, Chinese local governments still hold 15,000 Bitcoins with a market value of 1.4 billion US dollars.
📉 Regulatory vacuum causes concern!
Courts and financial experts have warned: the current handling method is vague and lacks unified standards, which is very likely to breed corruption and encourage gray trading behavior. Different provinces and cities have different operating methods, and some lawyers even said: "This is playing with fire!"
🧩 New regulations are brewing? Or it will completely rewrite the encryption policy!
The authorities are discussing the formulation of unified handling standards. Some experts suggest that a national Bitcoin reserve should be established in the same way as the United States, or that the seized assets should be sold overseas directly. However, before the policy is settled, the phenomenon of local governments subsidizing finances by "cashing out Bitcoin" will continue.
📈 Crime surges, and encryption has become a "new battlefield"
In 2023, the amount of crypto crime in China soared to US$59 billion, with frequent cases of money laundering, fraud, and gambling, and more than 3,000 people were prosecuted. At the same time, local fiscal revenue from the seizure of crypto assets also surged by 65%, becoming a major "gray dependence".
🔥 Conclusion: Openly banning and secretly selling, selling Bitcoin crazily! Is this wave of operations in China a strategic layout or a regulatory vacuum? Will the status of cryptocurrency be recognized in the future? All this deserves great attention!
At a time when global regulation is tightening, China quietly sold 194,000 Bitcoins, cashing in about 16 billion US dollars, shocking the market! And all this happened under a comprehensive ban?
⚠️Underground transactions? Officials quietly took action!
Although crypto transactions have been banned since 2021, local governments have secretly exchanged the seized cryptocurrencies into RMB and injected them into the fiscal budget through private companies. Data shows that as of the end of 2023, Chinese local governments still hold 15,000 Bitcoins with a market value of 1.4 billion US dollars.
📉 Regulatory vacuum causes concern!
Courts and financial experts have warned: the current handling method is vague and lacks unified standards, which is very likely to breed corruption and encourage gray trading behavior. Different provinces and cities have different operating methods, and some lawyers even said: "This is playing with fire!"
🧩 New regulations are brewing? Or it will completely rewrite the encryption policy!
The authorities are discussing the formulation of unified handling standards. Some experts suggest that a national Bitcoin reserve should be established in the same way as the United States, or that the seized assets should be sold overseas directly. However, before the policy is settled, the phenomenon of local governments subsidizing finances by "cashing out Bitcoin" will continue.
📈 Crime surges, and encryption has become a "new battlefield"
In 2023, the amount of crypto crime in China soared to US$59 billion, with frequent cases of money laundering, fraud, and gambling, and more than 3,000 people were prosecuted. At the same time, local fiscal revenue from the seizure of crypto assets also surged by 65%, becoming a major "gray dependence".
🔥 Conclusion: Openly banning and secretly selling, selling Bitcoin crazily! Is this wave of operations in China a strategic layout or a regulatory vacuum? Will the status of cryptocurrency be recognized in the future? All this deserves great attention!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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