<ul><li>Local governments in China allegedly sold 15,000 BTC through offshore private firms without national legal guidance.</li><li>China lacks a clear policy for handling confiscated crypto, raising concerns about misuse and transparency.</li><li>The BTC, worth around $1.25 billion, was confiscated from illegal activities.</li><li>Calls are growing for centralized management of seized BTC to ensure clear direction and goals.</li></ul>

China’s Local Governments Quietly Sold 15,000 BTC Offshore

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