#Cryptochina According to David Bailey from Bitcoin Magazine, the leaders of the communist country are working urgently to determine the viability of this project. In a post on X, Bailey highlighted that meetings among Chinese officials have been ongoing since Trump won the elections in November.

Meanwhile, Market Alert from CNBC also stated that Chinese authorities are analyzing the possible creation of a reserve in BTC. Additionally, the report indicates that some countries in the Middle East are also working on this.

The fact is that there is little information related to the holdings of the Asian country. What is known so far is that authorities confiscated 195,000 bitcoins from the Ponzi scheme PlusToken in 2020. According to a court, those funds became part of the country's treasury.