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China has reportedly sold its entire stash of 194,000 Bitcoin (BTC) seized from the PlusToken Ponzi scheme, raising questions about transparency and legal oversight. The move shifts the US to the top of government-held Bitcoin reserves, while legal scholars push for clearer crypto regulations.
- China sold 194,000 BTC seized from PlusToken, shifting US to top in government-held reserves.
- Legal scholars push for clearer crypto regulations amid ad-hoc disposal of seized assets.
- Local Chinese governments used private firms to sell crypto, bypassing central bank restrictions.
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