📢 China is starting to sell confiscated crypto through Hong Kong platforms 🇨🇳💰
For the first time, Chinese authorities have officially explained how they will handle seized crypto assets. ✅ Licensed companies in Hong Kong will help sell these assets on regulated exchanges 📈.
⚠️ Important: crypto trading is still banned in mainland China 🚫, but this move shows they’re getting more organized about dealing with crypto 🔧.
⏱ The sales will happen fast — within 24 hours, with full documentation 📄 and strict controls 🔒.
💭 What does this mean for the market? Large amounts of crypto could enter circulation ➡️ we’ll be watching to see how it affects prices 📉📊.
Stay tuned 👀✨