China’s Secret Crypto Pipeline Runs Through Hong Kong—Report
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China’s top police body has set up its first official way to sell off crypto coins it grabs in criminal cases. The move leans on Hong Kong’s licensed trading platforms. It lets Beijing turn seized Bitcoin and Ethereum into yuan without loosening its own ban on crypto at home.
Hong Kong’s Crypto Exit
According to a report by Tech In Asia, China’s Public Security Bureau has teamed up with the China Beijing Equity Exchange to sort out these sales. Hong Kong’s regulated exchanges will handle the trades. Third-party agencies will carry out the deals, then hand over yuan to government…
