{"id":22513,"date":"2025-04-17T09:32:03","date_gmt":"2025-04-17T09:32:03","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22513"},"modified":"2025-04-17T09:32:03","modified_gmt":"2025-04-17T09:32:03","slug":"china-weighs-options-for-managing-billions-in-confiscated-crypto","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22513","title":{"rendered":"China Weighs Options for Managing Billions in Confiscated Crypto"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Here\u2019s the situation: China has a growing stash of confiscated crypto, billions of dollars\u2019 worth, seized from criminal investigations. But now that the coins are in custody, the big question is: What exactly should they do with them? There seem<\/span><span data-preserver-spaces=\"true\">\u00a0to be limited options surrounding China\u2019s seized crypto coins.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This isn\u2019t a simple \u201cjust sell it\u201d moment. Officially, crypto trading is banned in mainland China. Yet, enforcement agencies across different provinces have been quietly cashing out seized assets through third-party firms, converting them into state revenue. That\u2019s led to a legal gray area where crypto is banned from the public but is still apparently useful for local government coffers.<\/span><\/p>\n<p>Since there aren\u2019t any clear rules on what to do with seized crypto, authorities have been handling it in all sorts of confusing and secretive ways. <a class=\"general-link\" href=\"https:\/\/www.reuters.com\/world\/china\/china-debates-how-handle-criminal-crypto-cache-2025-04-15\/\" target=\"_blank\" rel=\"nofollow noopener nofollow\">According to a report<\/a> by Reuters, some lawyers worry that this lack of structure could open the door to shady behavior.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f1e8-1f1f3.png\" alt=\"\ud83c\udde8\ud83c\uddf3\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> CHINA SECRETLY SELLING SEIZED BITCOIN TO BOOST THEIR ECONOMY?<\/p>\n<p>Local Chinese governments are quietly offloading seized crypto assets\u2014despite a strict national ban on crypto trading\u2014to refill public coffers as the economy falters. <\/p>\n<p>They reportedly held around 15,000 Bitcoins\u2026 <a href=\"https:\/\/t.co\/vvQN6R7vnW\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/vvQN6R7vnW<\/a> <a href=\"https:\/\/t.co\/N9EZ5zUEDP\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/N9EZ5zUEDP<\/a><\/p>\n<p>\u2014 Mario Nawfal (@MarioNawfal) <a href=\"https:\/\/twitter.com\/MarioNawfal\/status\/1912453417194455140?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">April 16, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">And people are starting to notice. Some have pointed out that China has been selling some of its seized crypto. Also, legal scholars and policy experts in China are calling for clearer laws on how these digital assets should be handled. Some say it\u2019s time to formally recognize crypto as a form of property under Chinese law, not to re-legalize trading but to at least give courts and regulators a framework for managing seized coins in a transparent, standardized way.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Without that clarity, each region seems to be doing its own thing, which can lead to mismanagement or,<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><span data-preserver-spaces=\"true\">worse<\/span><span data-preserver-spaces=\"true\">, corruption.<\/span><\/p>\n<p><strong>DISCOVER: <\/strong><a href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\"><strong>Best New Cryptocurrencies to Invest in 2025<\/strong> <\/a><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Economic Implications and Strategic Considerations<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">This isn\u2019t just a legal headache<\/span><span data-preserver-spaces=\"true\">, it\u2019s<\/span><span data-preserver-spaces=\"true\"> a financial one <\/span><span data-preserver-spaces=\"true\">too<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In 2023 alone, China reported nearly $59 billion tied to crypto-related criminal cases. That\u2019s a massive chunk of digital assets now in state hands, and it\u2019s sparked debates on whether selling it off makes strategic <\/span><span data-preserver-spaces=\"true\">sense,<\/span><span data-preserver-spaces=\"true\"> or if there\u2019s a smarter play.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Breaking News <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <\/p>\n<p>Local governments in China are selling seized crypto to top up their treasury.<\/p>\n<p>Despite the crypto trading ban in China, local governments are using private companies to offload their holdings.<\/p>\n<p>This explains pretty much the dump even before tariff news hit the\u2026 <a href=\"https:\/\/t.co\/OSZstdgCg7\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/OSZstdgCg7<\/a><\/p>\n<p>\u2014 Cas Abb\u00e9 (@cas_abbe) <a href=\"https:\/\/twitter.com\/cas_abbe\/status\/1912387139930845599?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">April 16, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Some experts have floated the idea of creating a state-managed crypto reserve. Instead of dumping the assets back onto the market, China could hold them. This is similar to how countries stockpile gold or foreign currencies. It would be a way to stay financially flexible in a world where crypto still plays a major role globally, even if it\u2019s banned at home.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">That\u2019s not official <\/span><span data-preserver-spaces=\"true\">policy yet, but<\/span><span data-preserver-spaces=\"true\">\u00a0the idea highlights just how uncertain and complex this moment is for Chinese regulators.<\/span><\/p>\n<p><strong>DISCOVER:<a href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\"> 20+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Calls for Centralized Management of China\u2019s Seized Crypto<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Right now, there\u2019s no central authority in charge of handling these seized crypto assets. That\u2019s another issue experts are pushing to fix.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">One proposal? Create a dedicated office under the People\u2019s Bank of China that would oversee the storage, management, and, if necessary, sale of confiscated crypto. This would reduce the patchwork enforcement strategies we\u2019re seeing now and give the country a unified approach that fits with its overall financial playbook.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_6800c74306b37\" data-coin-id=\"btc-bitcoin\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n                <img id=\"crypto_chart_6800c74306b37-chart__info-icon-img\">\n            <\/div>\n<div class=\"chart__info-name\" id=\"crypto_chart_6800c74306b37-chart__info-name\">&#8211;<\/div>\n<div class=\"chart__info-label\">Price<\/div>\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_6800c74306b37-chart__info-symbol\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_6800c74306b37-chart__info-price\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_6800c74306b37-chart__info-marketcap\">&#8211;<\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--24h\" id=\"crypto_chart_6800c74306b37-btn-24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\" id=\"crypto_chart_6800c74306b37-btn-7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\" id=\"crypto_chart_6800c74306b37-btn-30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\" id=\"crypto_chart_6800c74306b37-btn-1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_6800c74306b37-btn-all-time\">All Time<\/button>\n            <\/div>\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--logarithmic\" id=\"crypto_chart_6800c74306b37-btn-log\">Log<\/button>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n        <canvas class=\"chart__canvas\" id=\"crypto_chart_6800c74306b37-cryptoChart\"><\/canvas>\n    <\/div>\n<\/div>\n<p><\/span><\/p>\n<p><strong>DISCOVER:<\/strong> <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"noopener\"><strong>9+ Best High-Risk, High\u2013Reward Crypto to Buy in March 2025<\/strong><\/a><\/p>\n<p><span data-preserver-spaces=\"true\">It would also boost accountability, something badly needed when dealing with volatile assets that can be misused or mishandled without proper oversight.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">China\u2019s crypto crackdown created a new problem: what happens when you seize the things you\u2019ve outlawed?<\/span><\/p>\n<h2>So What Now For China Crypto?<\/h2>\n<p><span data-preserver-spaces=\"true\">Right now, there\u2019s no easy answer. The system is messy, inconsistent, and in a legal gray zone. But pressure is building from legal experts, economists, and even within the government itself to clean things up.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">That could mean a centralized reserve, clearer laws, or stricter oversight. But one thing\u2019s certain: China can\u2019t ignore the mountain of crypto it\u2019s sitting on forever.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"editor-rtfLink\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        China is holding billions in confiscated crypto from criminal <\/li>\n<p><\/span><span data-preserver-spaces=\"true\">cases.<\/span><span data-preserver-spaces=\"true\"> But they lack clear laws on how to manage, store, or sell the assets.<br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Despite crypto being banned, some provinces have reportedly been converting seized assets into state revenue through third-party firms.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Legal experts are calling for <\/li>\n<p><\/span><span data-preserver-spaces=\"true\">formal recognition of<\/span><span data-preserver-spaces=\"true\"> crypto as property under Chinese law to create a transparent framework for handling seized assets.<br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Ideas like creating a state-run crypto reserve or central authority under the People\u2019s Bank of China are being floated to manage the assets strategically.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Without centralized oversight, the current patchwork approach risks mismanagement, legal inconsistencies, and potential corruption.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/china-weighs-options-for-managing-billions-in-confiscated-crypto\/\">China Weighs Options for Managing Billions in Confiscated Crypto<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Here\u2019s the situation: China has a growing stash of confiscated crypto, billions of dollars\u2019 worth, seized from criminal investigations. But now that the coins are in custody, the big question is: What exactly should they do with them? There seem\u00a0to be limited options surrounding China\u2019s seized crypto coins. This isn\u2019t a simple \u201cjust sell it\u201d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-22513","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22513"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22513\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}