Peking tippt nach Hongkong, um Krypto zu liquidieren
https://ecency.com/hive-167922/@justmythoughts/beijing-taps-hong-kong-to
Peking tippt nach Hongkong, um Krypto zu liquidieren
https://ecency.com/hive-167922/@justmythoughts/beijing-taps-hong-kong-to
2 Kommentare
Are they just trying to spread FUD? I’m pretty sure they’ve talked about this multiple times over the last year and the CryptoQuant CEO said sometime in the last year I can’t remember the exact date that China’s wallets were emptied. I think maybe around January. Which would make sense as part of the reason we had those massive drops
tldr; Beijing has initiated a formal process to liquidate cryptocurrencies confiscated in criminal cases by utilizing Hong Kong’s licensed crypto exchanges. This collaboration between Beijing’s Public Security Bureau and the China Beijing Equity Exchange allows seized digital assets to be sold on regulated Hong Kong platforms, with proceeds converted to yuan for China’s treasury. The move leverages Hong Kong’s open regulatory environment while adhering to mainland China’s crypto ban, addressing challenges like price volatility and security risks in managing seized assets.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.