The cryptocurrency Cash Out in China: Local Governments Liquidate Digital Assets.

The cryptocurrency Cash Out in China: Local Governments Liquidate Digital Assets.

Even as cryptocurrency trading remains banned at the national level, local authorities in China have found a way to use seized digital assets to boost local budgets. This method, however, poses difficult legal and moral dilemmas, as described in a recent article. Selling crypto: A legal loophole. China still enforces the strictest blanket ban against…