Local governments in China are trying to find ways to sell seized cryptocurrencies, despite the country’s ban on crypto trading. The lack of clear guidelines for managing these assets has created inconsistent practices, raising concerns about potential corruption. Reports indicate that local authorities are partnering with private companies to sell around 15,000 Bitcoins, worth approximately ...
President Donald Trump has signed an executive order to create a Strategic Bitcoin Reserve, using bitcoin that the government has already seized. This decision comes ahead of a meeting with cryptocurrency leaders and has disappointed investors who were hoping for new federal purchases of digital assets. Following the announcement, the price of bitcoin dropped by ...
A massive £5 billion worth of cryptocurrency seized from criminals may help address the UK’s public finance gap of £22 billion. This digital currency was confiscated during an investigation into Jian Wen, who was convicted for her role in laundering money from a £7 billion fraud scheme. The funds, once valued at £1.4 billion in ...
