That is our retail investors' coin, why won't you give it to us, damn government
一木-玩合约
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Will the central government hand over the 190,000 Bitcoins worth hundreds of billions seized to Hong Kong?
$BTC $ETH Recently, the global discussion around Bitcoin has been heating up, especially with the proposal by the newly elected U.S. President Trump to incorporate Bitcoin into national strategic reserves, which has sparked a hype effect around Bitcoin. At the same time, lawmakers from countries like Japan and Russia are actively promoting the inclusion of Bitcoin in national reserves, and it is not ruled out that more Western countries may follow suit in the future. Under this influence, the price of Bitcoin once broke through the historical high of 108,000 USD, becoming the focus of the global financial market.
Bitcoin is currently not legal in China, but who would have thought that we are still a major holder of Bitcoin, with the amount held only second to the United States. According to relevant data, China holds as much as 190,000 Bitcoins, with a market value exceeding 17.8 billion USD, equivalent to 130 billion RMB. This enormous value has not only attracted widespread attention from the outside world but has also prompted many experts in Hong Kong to consider whether China should explore the possibility of Bitcoin reserves. However, since the People's Bank of China and seven other departments issued an announcement in 2017 to prevent risks from token issuance and financing, explicitly prohibiting any organization or individual from illegally engaging in token issuance and financing activities, it seems unrealistic to incorporate Bitcoin into national reserves in the short term.
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