China Sells Seized Cryptocurrency Through Hong Kong Exchange: A Major Boost!
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Breaking news! On June 5, 2025, the Beijing Public Security Bureau announced the auction of seized cryptocurrency through licensed exchanges in Hong Kong, in collaboration with the Beijing Stock Exchange (CBEX). This is the first time China has publicly disclosed the process for handling digital assets!
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What is happening? The cryptocurrency will be sold on the Hong Kong exchange, converted into yuan, and deposited into the budget. With 194,000 BTC (16 billion USD) held, this move could "ignite" the market!
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Hong Kong leads the way! While the mainland bans cryptocurrency trading, Hong Kong strengthens its position as a global digital asset hub. But will this large sale shake the market?
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Opportunity or challenge? Global investors are turning their eyes to Hong Kong. Stay tuned so you don't miss out!
