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Regional authorities in China are Sale of cryptocurrencies taken during legal cases to bring extra money.
These governments are Work with private companies to sell the crypt on China’s outskirtssince trade is prohibited within the country.
According to a Report published on April 16there is There are no clear national rules on how to administer the cryptography that has been seized. This has led to confusion and differences in how local agencies handle the process. Some lawyers believe that this lack of structure could facilitate people to act dishonestly.
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Documents show that local governments held around 15,000 bitcoin
BTC
$ 83,884.35
Chen Shi, a professor at the University of Economics and Law of Zhongnan, told Reuters that selling cryptography in this way is just a short -term solution and does not completely align with the current restrictions of China in the digital currency trade.
According to the lawyer Guo Zhihao, based in Shenzhen, the Central Bank must administer the assets and sell them in legal markets abroad or keep them as part of a reserve.
Meanwhile, the United States government has recently explored ways to increase its Bitcoin holdings without using taxpayer funds. What options are being considered? Read the full story.
Having completed a master’s degree in economics, politics and cultures of the Oriental Asia region, Aaron has written scientific documents that analyze the differences between Western and collective capitalism forms in the era after World War II.
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