flash on Nostr: ⚡️🇨🇳 LATEST - China is debating how to regulate and dispose of its growing ...
⚡️🇨🇳 LATEST - China is debating how to regulate and dispose of its growing stash of seized cryptocurrencies, with officials suggesting judicial recognition and even building a national crypto reserve.
China is debating how to handle its seized cryptocurrencies, holding 194,000 BTC worth over $16.26 billion. Options include judicial recognition or creating a national reserve. This could impact Bitcoin's price significantly.
- Selling the BTC might flood the market, lowering prices due to increased supply.
- Holding it in a reserve could signal confidence, potentially raising prices.
Globally, seized Bitcoin totals 527,705 BTC, valued at $44.34 billion, or 2.52% of the circulating supply. China's moves might influence global crypto regulations, as other countries observe. For traders, this means potential market volatility depending on China's final decision.
Published at
2025-04-16 12:43:48Event JSON
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"content": "⚡️🇨🇳 LATEST - China is debating how to regulate and dispose of its growing stash of seized cryptocurrencies, with officials suggesting judicial recognition and even building a national crypto reserve.\n\nChina is debating how to handle its seized cryptocurrencies, holding 194,000 BTC worth over $16.26 billion. Options include judicial recognition or creating a national reserve. This could impact Bitcoin's price significantly. \n\n- Selling the BTC might flood the market, lowering prices due to increased supply. \n- Holding it in a reserve could signal confidence, potentially raising prices. \n\nGlobally, seized Bitcoin totals 527,705 BTC, valued at $44.34 billion, or 2.52% of the circulating supply. China's moves might influence global crypto regulations, as other countries observe. For traders, this means potential market volatility depending on China's final decision.\nhttps://m.primal.net/QRxs.jpg",
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}
