🚨 **What Happens to Seized Cryptocurrencies in China?** 🚨
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In China, seized cryptocurrencies usually end up in the state treasury. Here’s how they are handled:
1. **Judicial Auction:** Some are sold via auction, with proceeds going to the state, similar to practices in the U.S.
2. **Destruction:** To prevent re-entry into the market, some are destroyed.
3. **Investigation Use:** Occasionally, seized crypto is used for further investigations or research.
Handling methods vary based on case specifics and amount seized, with strict and cautious procedures due to heavy regulations.
Stay informed!