Crypto confiscated in Beijing to be liquidated in Hong Kong

Source: Tech – South China Morning PostBeijing’s police authority has unveiled a plan for liquidating cryptocurrencies confiscated in criminal cases by selling them through licensed exchanges in Hong Kong, a move that could aid the southern city’s efforts to become a virtual asset hub.
The municipal Public Security Bureau in Beijing said on Thursday that it has partnered with the China Beijing Equity Exchange (CBEX) to offload seized cryptoassets through regulated platforms in Hong Kong.
Under the “Framework Agreement on Handling…Read More

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