Government decisions regarding cryptocurrencies often have a major impact on the markets, but the scale of China's recent action represents a significant turning point. Beijing has sold 194,000 bitcoins that were confiscated in 2019 during the dismantling of the PlusToken network, one of the largest Ponzi schemes in crypto history. Valued at nearly $19.7 billion, this massive liquidation raises questions about its economic implications and illustrates the growing complexity of the relationship between states and cryptocurrencies. While Bitcoin continues to establish itself as a global store of value, this action by China highlights the strategic role that governments can play in the evolution of this rapidly changing ecosystem.
L’article Crypto Shake-Up: China Liquidates Seized Bitcoin from PlusToken est apparu en premier sur Cointribune.
