China’s Strategic Bitcoin Reserve Efforts Amid US Crypto Regulation Changes
- China is reportedly accelerating efforts to establish a strategic Bitcoin reserve.
- The initiative follows evolving cryptocurrency regulations in the United States.
- China allegedly sold 194,000 BTC seized from the PlusToken scam in 2019.
- Prior to its crypto crackdown, China accounted for over 70% of global Bitcoin mining.
- The US currently holds over 198,000 BTC, valued at approximately $18 billion.
China is rumored to be intensifying its efforts to create a strategic Bitcoin reserve as US crypto regulations evolve. This move comes after China reportedly sold a significant amount of Bitcoin seized from the PlusToken scam. Meanwhile, the US leads with substantial Bitcoin holdings valued at around $18 billion.
Source (2.6)https://cryptobriefing.com/china-strategic-bitcoin-reserve/?rand=59535
