#USChinaTensions

Trade War Intensifies, Affecting Crypto Markets

The U.S. has imposed tariffs up to 145% on Chinese imports, prompting China to retaliate with tariffs as high as 125% on U.S. goods. This escalation has led to increased volatility in global markets, including cryptocurrencies. Bitcoin, for instance, has experienced significant price fluctuations, reflecting investor concerns over the prolonged trade conflict .

China's Approach to Seized Cryptocurrencies

Despite a ban on crypto trading, Chinese authorities have been seizing digital assets from illegal activities. Local governments are now debating how to handle these assets, with some opting to liquidate them through private channels to bolster public finances. This practice raises legal and regulatory questions, as it operates in a gray area of China's crypto policies