🔴 China is selling confiscated crypto — $BTC goes to foreign markets

According to Reuters, the Chinese authorities are selling confiscated crypto assets, including 15,000 BTC ($1.4 billion), through private companies like Jiafenxiang — despite the official ban on cryptocurrency trading in the country.

📦 Since 2018, crypto worth $409.5 million has already been sold through such companies at the request of city authorities.

🎯 The goal is to replenish the budget amid growing geopolitical pressure and a trade war with the USA.

🧩 Chinese lawyers acknowledge: there are many actions, but there is no unified legal framework.

At the same time, VanEck experts claim that China and Russia are already using BTC for payments for energy resources — as part of a new financial system outside of SWIFT and the dollar.

📉 The impact on the market is negative:

— Selling pressure from state structures

— Increased volatility

— Rise in the politicization of crypto as a geo-economic tool

We are monitoring every satoshi from Beijing 🔴

#bitcoin #crypto #China #geopolitics #BTCselloff $BTC $ETH $BNB