The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Local Chinese Governments Mulling How To Dispose of Growing Stockpile of Seized Crypto Assets: Report

by Mehron Rokhy
April 16, 2025
in Regulators, Trading

Local Chinese governments are reportedly contemplating how to get rid of their burgeoning stashes of seized crypto assets.

According to a new report by Reuters, local governments in China are debating how to efficiently dispose of digital assets seized from illegal transactions.

Lawyers familiar with the matter told Reuters that the lack of rules around what authorities should do with seized crypto assets has created uncertainty. However, lawyers, judges, and police are coming up with ways to treat seized cryptocurrencies.

Reuters says it viewed transaction documents showing that local authorities are using third-party companies to sell the seized digital assets for cash to “replenish public coffers.”

However, Chen Shi, a professor at the Zhongnan University of Economics and Law, says that the government’s current method is “a makeshift solution that, strictly speaking, is not fully in line with China’s current ban on crypto trading.”

Guo Zhihao, a senior partner at Beijing Yingke Law Firm who attended a seminar to discuss this topic in January, told Reuters that authorities selling the digital assets directly conflicts with the nation’s ban on trading crypto assets.

According to Guo, China’s central bank is better equipped to handle digital assets as it could sell them overseas and/or establish a strategic reserve with them.

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Submit a Press Release

Industry Announcements

  • Reppo Launches World’s First Liquid Node Sale, Pioneering Decentralized Data Infrastructure
    May 20, 2025
  • BingX AI Evolution Begins: A $300M Vision to Build the Future of AI-Powered Crypto
    May 20, 2025
  • Imrat Group Gains Priority Access to New Product: Bybit Launches Direct Stock Trading via Tether Stablecoin
    May 20, 2025
  • THORChain Faces Legal Action Over $200 Million Collapse Amid Alleged Mismanagement and Insolvency
    May 19, 2025
  • Binance Alpha Is Changing the Web 3.0 Game
    May 16, 2025
  • NEXPACE Launches MapleStory N and NXPC Token, Charting a New Chapter for MapleStory Universe
    May 15, 2025
  • GSR Invests in Maverix Securities To Support the Launch of Regulated Digital Asset Structured Products
    May 15, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$104,821.08
$104,821.08
0.27%
Ethereum
$2,476.26
$2,476.26
0.85%
BNB
$643.85
$643.85
0.39%
Solana
$166.15
$166.15
1.48%
XRP
$2.34
$2.34
0.3%

Spotlight

  • Crypto Trader Says Bitcoin on Cusp of Price Discovery Phase, Sees Ethereum Attacking December Highs
    May 13, 2025
  • Quant Analyst PlanB Says New Bitcoin All-Time High Incoming With Sky-High Price Target in Its Sights
    May 13, 2025
  • $1,100 Ethereum Could Be Coming Before Real Rally Kicks Off, According to Benjamin Cowen – Here’s Why
    May 13, 2025
  • Fake CAPTCHA Scam Targets Millions of University Students With Unknown Malware: Report
    May 13, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl