Post #10648

China will begin selling vast quantities of seized digital currencies—exceeding 194,000 Bitcoins and 833,000 Ethereum—on June 7, 2025. This marks the nation's first formal procedure for liquidating confiscated crypto, a process facilitated by licensed Hong Kong exchanges, the Beijing Stock Exchange (CBEX), and other agencies. While the sale itself is notable, the sheer volume of assets entering the market is of particular interest. This development leverages Hong Kong's role as a digital asset hub, contrasting with mainland China's strict cryptocurrency ban.