Wednesday, 16 April, 2025

China Seeks Regulatory Clarity on Handling Seized Cryptocurrencies Amid Surge in Crypto-Related Crimes

China is grappling with the management of an increasing cache of cryptocurrencies confiscated from illegal activities, prompting debates among courts, law enforcement, and financial experts on establishing clearer regulations. Despite a national ban on crypto trading, local governments have partnered with private firms to sell these digital assets, raising legal and ethical concerns.