China Unsure How to Deal with Seized Crypto from Criminal Actors
China is grappling with what to do about a growing stockpile of digital currencies confiscated in criminal cases. With cryptocurrency trading banned across the country, local governments are stuck figuring out how to deal with seized assets like Bitcoin. The lack of clear national rules on the matter has led to a mix of ad-hoc responses, which some legal experts warn could lead to shady practices and undermine trust in the system. Attorneys, judges, and law enforcement are now pushing for policy updates to bring consistency to how these digital coins are handled. If successful, such changes could significantly alter…