<ul><li>China plans to sell seized Bitcoins in criminal cases through regulated exchanges in Hong Kong in partnership with the China Beijing Equity Exchange (CBEX).</li><li>Hong Kong, known for its digital asset hub, is chosen for this initiative to convert the assets into Yuan and deposit them in a designated account.</li><li>China holds a significant amount of digital assets, including 194,000 BTC and 833,000 ETH, and this selling exercise is the first of its kind since the country imposed a crypto ban.</li><li>Inconsistencies exist in China's approach to handling seized crypto assets, with reports of private companies being involved in selling digital assets on behalf of local governments despite the ban on crypto trading.</li></ul>

China Taps Hong Kong Exchanges to Unload Seized Cryptocurrencies

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