Cryptocurrency Q&A
How much bitcoin does the Chinese government have?
How much bitcoin does the Chinese government have?
BitcoinWizardry
Thu Nov 28 2024
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7 answers
1305
The Chinese government does not disclose how many bitcoins it holds. The value of cryptocurrency is highly volatile, and its price can change rapidly. Investing in cryptocurrency involves significant risks, including the risk of loss of all invested capital.
7 answers
EchoSoulQuantum
Sat Nov 30 2024
Despite China's strict crackdown on cryptocurrency transactions and mining, the country still possesses a significant reserve of confiscated bitcoin, making it the world's second-largest government holder of Bitcoin.
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Eleonora
Sat Nov 30 2024
The Chinese government currently boasts approximately 190,000 Bitcoin in its possession, valued at roughly $13.2 billion.
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ThunderBreezeHarmony
Sat Nov 30 2024
The majority of these Bitcoins were seized from the Plustoken Ponzi scheme, an infamous cryptocurrency fraud that promised investors returns as high as 30%.
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Lucia
Sat Nov 30 2024
This particular scam stands out as one of the largest in the cryptocurrency industry, highlighting the risks associated with such investments.
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AndrewMiller
Fri Nov 29 2024
While China's approach to cryptocurrencies has been cautious and regulatory, its handling of illicitly obtained crypto assets demonstrates a commitment to maintaining order in the market.
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