‼️ Beijing engages Hong Kong to sell confiscated crypto assets
⚙️ According to a Tech In Asia report, Beijing’s Public Security Bureau has established a framework for disposing of cryptocurrencies seized during criminal and economic investigations.
✅ It involves cooperation between the state-run China Beijing Equity Exchange and licensed platforms in Hong Kong.
The cryptocurrencies are sold in Hong Kong, while the proceeds are converted into yuan and transferred to government accounts in Beijing.
