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China’s Local Governments Quietly Sold 15,000 BTC Offshore
A recent report has revealed that local governments in China have secretly sold around 15,000 Bitcoin (BTC) through private offshore companies. The shocking revelation raises serious concerns about the lack of transparency and accountability in the handling of confiscated digital assets.
According to sources, the sale was carried out without any national guidance or regulations, sparking fears over potential misuse and corruption. It is unclear as to which local governments were involved in this transaction, but it has been established that a private entity was responsible for facilitating the deal.
The move comes at a time when China’s stance on cryptocurrency remains shrouded in mystery. While the country has banned crypto trading since 2021, recent developments suggest that its interest in digital assets is slowly resurfacing.
Source: https://www.crypto-news-flash.com/chinas-local-governments-quietly-sold-15000-btc-offshore/?utm_source=rss&utm_medium=rss&utm_campaign=chinas-local-governments-quietly-sold-15000-btc-offshore
