Tuesday, June 18, 2024
20.2 C
London
HomeReportsDespite Its Anti-crypto Attitude, China Has $3.9 billion Worth Of Bitcoin

Despite Its Anti-crypto Attitude, China Has $3.9 billion Worth Of Bitcoin

Bitcoin, Ethereum, and other crypto worth $6 billion are held by the Chinese government.

The Chinese government is a crypto whale, according to Ki Young Ju, co-founder of CryptoQuant, despite its hostile stance toward the sector.

Young Ju claims that China has seized $6 billion worth of crypto from the PlusToken scam in 2019, including 194,000 Bitcoin ($3.9 billion), 833,000 Ethereum ($1.2 billion), and many other undisclosed digital assets.

Source

DISCLAIMER

As per the principles outlined by the Trust Project, Cryptozia remains dedicated to delivering impartial and transparent reporting. This news article is intended to offer precise and punctual information. Nevertheless, it is recommended that readers autonomously corroborate the facts and seek advice from a qualified expert prior to making any decisions reliant on this content.

latest articles

explore more