๐ฑFrom seizure to sale: Beijing taps Hong Kong to liquidate crypto๐ฑ
๐ณFrom seizure to sale: Beijing taps Hong Kong to liquidate crypto
In a move that underscores the strategic value of Hong Kongโs regulatory autonomy, Beijing has established its first formal process for liquidating confiscated cryptocurrenciesโtapping into Hong Kongโs licensed exchanges to offload digital assets seized in criminal cases.๐ฆ
The arrangement highlights the stark policy divide between mainland Chinaโs hardline anti-crypto stance and Hong Kongโs ambitions as a digital asset hub. It also offers a practical solution for Chinese authorities to convert seized crypto into fiat currency without breaching domestic restrictions.๐ฑ$BTC