China’s Massive Bitcoin Sell-Off Exposed: $16B Liquidated Through Private Firms

TL;DR Covert $16B Liquidation: Private firms are facilitating a covert sell-off of $16 billion in seized Bitcoin, even as China maintains its strict crypto ban. Secret Sales Mechanism: Local authorities use private intermediaries, crypto mixers, and discreet exchanges to convert Bitcoin into cash without public scrutiny. Regulatory Concerns Heighten: The opaque, off-market transactions are spurring. source: https://crypto-economy.com/chinas-massive-bitcoin-sell-off-exposed-16b-liquidated-through-private-firms/