🔎China is liquidating cryptocurrency

Despite the ban on crypto trading since 2017, Chinese authorities have begun actively selling seized assets through private companies.

💼Estimates suggest that China holds around 194,000 $BTC ($16 billion) — the second largest state reserve after the USA.

Just a couple of years ago, China was cracking down on mining and trading, but now it is profiting from cryptocurrency.

🕯As sources assure, the liquidation cannot affect price fluctuations due to relatively small volumes.