China beat the US with the help of secret sales of digital assets

< IMG SRC = "/Uploads/Blogs/28/DC/IB-FRPULBDSA_353C7ACA.PNG" Alt = "China beat the US with the help of secret sales of digital assets"/> ~ ~ < p > local authorities in China resort to the implementation of confiscated cryptocurrencies abroad to increase budget revenues. This was reported by Reuters with reference to court documents and blockchain Dani. Private companies operating on behalf of the authorities are not subject to transparent control.

< p >Thanks to these actions, analysts believe, China's authorities have undisclosed trumps in trade with the United States. While the US is trying to hold on to digital assets, China is more flexibly treating their cryptocurrency reserves.

< p > at the end of 2023, the China's justice bodies owned about 15,000 BTC, but according to the latest baitbo estimates, this volume increased to 194 000 BTC, equivalent to $ 16.3 billion. Btc.

< P > Legal uncertainty about confiscated assets is concerned about experts. According to the interviewed lawyers, the absence of uniform standards creates soil for corruption risks, especially in the conditions of official ban on cryptocurrency trading within the country.

~ < P > Professor of Economics and Law at the University of Zhunnan, Chen Shea noted that such actions are de facto contradict internal legislative prohibitions. Power is acting pragmatically, but the legal justification of these operations raises questions.

< P > Meanwhile, China has increased sharply in the number of criminal cases, which are provoked; Rsquo; Rsquo; In the last year, more than 3000 proceedings were opened on charges of laundering income received through cryptocurrency schemes.

< p > Reuters surveyed do not exclude that in the context of the Trade War and the Entry of Capital Beijing can increase interest in digital assets. Some suggest to create a centralized cryptoresire by analogy with the American model that allows you to dispose of confiscated assets systematically.